Quote:
Originally Posted by m5man
You guys are lucky that you are not self employed and paying what I do at 62. When our $5,000 deductible per adult went to $1,345 a month , I had to go with $10,000 ded. per adult and pay $630 per month. Drugs are $500 ded. per adult with a co-pay after that. Insurance companies are ripping us off and we still need insurance. I can't wait 'til Medicare kicks in.
|
Wow, at that rate, what is the point of having insurance? You need $22k in claims before you break even.
---------- Post added at 02:41 PM ---------- Previous post was at 02:26 PM ----------
Our plan is a health fund PPO for $290/month. It covers me, my wife and or two kids. There is a $2,000 ded for an individual ($4,000 for family). My employer contributes $1,000/yr to the health fund. Routine care is included with no copay. Any costs I incur count towards the deductible but go against the health fund. Any money leftover from the health fund rolls over each year. Basically, if after 4 years we could have our entire deductible taken care of.
Once the deductible is met, the insurance company pays 90% with a maximum out of pocket cost of $8,000/yr.