Forum Replies Created
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AuthorPosts
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beanmaestro
ParticipantWe hired cleaners a couple times, but we weren’t really happy with it. Things got broken, moved, etc, and we had trouble getting the tidying done before they arrived.
Now we occasionally hire friends who are in college for $15/hr. It gives us flexibility to help them clean, or tidy room by room ahead of them, and it’s a lot more fun to have a friend around the house than a stranger.
ParticipantMaybe I misread, but I understood that while children can’t be denied for pre-existing conditions, adults can. There’s supposed to be a high-risk pool for adults with pre-existing conditions, so if we do see people gaming the system, the cost of the high risk policies could go way up, even if they’re non-profit pools. Can anyone confirm or deny that?
Also, if the high-risk pools have any kind of waiting period, you could go from treatable to fatal cancer while you wait. I don’t know that a couple thousand a year in savings is worth that risk
ParticipantMaybe I misread, but I understood that while children can’t be denied for pre-existing conditions, adults can. There’s supposed to be a high-risk pool for adults with pre-existing conditions, so if we do see people gaming the system, the cost of the high risk policies could go way up, even if they’re non-profit pools. Can anyone confirm or deny that?
Also, if the high-risk pools have any kind of waiting period, you could go from treatable to fatal cancer while you wait. I don’t know that a couple thousand a year in savings is worth that risk
ParticipantMaybe I misread, but I understood that while children can’t be denied for pre-existing conditions, adults can. There’s supposed to be a high-risk pool for adults with pre-existing conditions, so if we do see people gaming the system, the cost of the high risk policies could go way up, even if they’re non-profit pools. Can anyone confirm or deny that?
Also, if the high-risk pools have any kind of waiting period, you could go from treatable to fatal cancer while you wait. I don’t know that a couple thousand a year in savings is worth that risk
ParticipantMaybe I misread, but I understood that while children can’t be denied for pre-existing conditions, adults can. There’s supposed to be a high-risk pool for adults with pre-existing conditions, so if we do see people gaming the system, the cost of the high risk policies could go way up, even if they’re non-profit pools. Can anyone confirm or deny that?
Also, if the high-risk pools have any kind of waiting period, you could go from treatable to fatal cancer while you wait. I don’t know that a couple thousand a year in savings is worth that risk
ParticipantMaybe I misread, but I understood that while children can’t be denied for pre-existing conditions, adults can. There’s supposed to be a high-risk pool for adults with pre-existing conditions, so if we do see people gaming the system, the cost of the high risk policies could go way up, even if they’re non-profit pools. Can anyone confirm or deny that?
Also, if the high-risk pools have any kind of waiting period, you could go from treatable to fatal cancer while you wait. I don’t know that a couple thousand a year in savings is worth that risk
ParticipantIt’s just not going to pencil out for anyone who gets a subsidy from their employer, and that’s a majority of the folks in the country and on this list. It’s also not going to work for anyone with a lower cost plan:
As discussed above, after 8 years, I’m at maybe $12k total payment & interest. With kids, my premium will go up to about $3k a year, but I wouldn’t reach $100k for a couple decades. That just doesn’t make any sense if y’know, someone gets sick between then and now.
In my case, I used an HMO when it was just me, and a PPO for the family plan, which (according to my employer) costs them $4000/yr and $13000/yr respectively. Even paying 100% out of pocket, it’s not $1500/month, and a lot less if I’m just covering me.
Regarding your question of self-insurance being allowed under the new law: I’m fine with that. Now that the legal framework exists, just add it to the 2010 update of the bill: Post a $XXX bond, and we’ll waive the requirement. The precedent exists for auto insurance bonds. Why didn’t it get into the bill the first time? Perhaps because the Repubs were unwilling to work toward a compromise, so the Dems had to fashion a bill that would get all 60 senate votes and 85% of Dem House votes instead of negotiating with a wider pool. I think we’d be looking at a better law if the Repubs were willing to play ball, rather than fear mongering.
ParticipantIt’s just not going to pencil out for anyone who gets a subsidy from their employer, and that’s a majority of the folks in the country and on this list. It’s also not going to work for anyone with a lower cost plan:
As discussed above, after 8 years, I’m at maybe $12k total payment & interest. With kids, my premium will go up to about $3k a year, but I wouldn’t reach $100k for a couple decades. That just doesn’t make any sense if y’know, someone gets sick between then and now.
In my case, I used an HMO when it was just me, and a PPO for the family plan, which (according to my employer) costs them $4000/yr and $13000/yr respectively. Even paying 100% out of pocket, it’s not $1500/month, and a lot less if I’m just covering me.
Regarding your question of self-insurance being allowed under the new law: I’m fine with that. Now that the legal framework exists, just add it to the 2010 update of the bill: Post a $XXX bond, and we’ll waive the requirement. The precedent exists for auto insurance bonds. Why didn’t it get into the bill the first time? Perhaps because the Repubs were unwilling to work toward a compromise, so the Dems had to fashion a bill that would get all 60 senate votes and 85% of Dem House votes instead of negotiating with a wider pool. I think we’d be looking at a better law if the Repubs were willing to play ball, rather than fear mongering.
ParticipantIt’s just not going to pencil out for anyone who gets a subsidy from their employer, and that’s a majority of the folks in the country and on this list. It’s also not going to work for anyone with a lower cost plan:
As discussed above, after 8 years, I’m at maybe $12k total payment & interest. With kids, my premium will go up to about $3k a year, but I wouldn’t reach $100k for a couple decades. That just doesn’t make any sense if y’know, someone gets sick between then and now.
In my case, I used an HMO when it was just me, and a PPO for the family plan, which (according to my employer) costs them $4000/yr and $13000/yr respectively. Even paying 100% out of pocket, it’s not $1500/month, and a lot less if I’m just covering me.
Regarding your question of self-insurance being allowed under the new law: I’m fine with that. Now that the legal framework exists, just add it to the 2010 update of the bill: Post a $XXX bond, and we’ll waive the requirement. The precedent exists for auto insurance bonds. Why didn’t it get into the bill the first time? Perhaps because the Repubs were unwilling to work toward a compromise, so the Dems had to fashion a bill that would get all 60 senate votes and 85% of Dem House votes instead of negotiating with a wider pool. I think we’d be looking at a better law if the Repubs were willing to play ball, rather than fear mongering.
ParticipantIt’s just not going to pencil out for anyone who gets a subsidy from their employer, and that’s a majority of the folks in the country and on this list. It’s also not going to work for anyone with a lower cost plan:
As discussed above, after 8 years, I’m at maybe $12k total payment & interest. With kids, my premium will go up to about $3k a year, but I wouldn’t reach $100k for a couple decades. That just doesn’t make any sense if y’know, someone gets sick between then and now.
In my case, I used an HMO when it was just me, and a PPO for the family plan, which (according to my employer) costs them $4000/yr and $13000/yr respectively. Even paying 100% out of pocket, it’s not $1500/month, and a lot less if I’m just covering me.
Regarding your question of self-insurance being allowed under the new law: I’m fine with that. Now that the legal framework exists, just add it to the 2010 update of the bill: Post a $XXX bond, and we’ll waive the requirement. The precedent exists for auto insurance bonds. Why didn’t it get into the bill the first time? Perhaps because the Repubs were unwilling to work toward a compromise, so the Dems had to fashion a bill that would get all 60 senate votes and 85% of Dem House votes instead of negotiating with a wider pool. I think we’d be looking at a better law if the Repubs were willing to play ball, rather than fear mongering.
ParticipantIt’s just not going to pencil out for anyone who gets a subsidy from their employer, and that’s a majority of the folks in the country and on this list. It’s also not going to work for anyone with a lower cost plan:
As discussed above, after 8 years, I’m at maybe $12k total payment & interest. With kids, my premium will go up to about $3k a year, but I wouldn’t reach $100k for a couple decades. That just doesn’t make any sense if y’know, someone gets sick between then and now.
In my case, I used an HMO when it was just me, and a PPO for the family plan, which (according to my employer) costs them $4000/yr and $13000/yr respectively. Even paying 100% out of pocket, it’s not $1500/month, and a lot less if I’m just covering me.
Regarding your question of self-insurance being allowed under the new law: I’m fine with that. Now that the legal framework exists, just add it to the 2010 update of the bill: Post a $XXX bond, and we’ll waive the requirement. The precedent exists for auto insurance bonds. Why didn’t it get into the bill the first time? Perhaps because the Repubs were unwilling to work toward a compromise, so the Dems had to fashion a bill that would get all 60 senate votes and 85% of Dem House votes instead of negotiating with a wider pool. I think we’d be looking at a better law if the Repubs were willing to play ball, rather than fear mongering.
Participant[quote=ucodegen]
The final bill (delivered to his widow, but paid by MediCal) was over $700k. Would your self-insurance cover that?
Yes, and have money left over. I would check why the bill was so high though. $700k in two weeks is crazy – even with surgeries etc.[/quote]
Good for you for saving >$700k, but it’s not useful for public policy. Maybe 1% of the country could practically save $250k to self-insure a family, and it would take them a decade to get there. And once they got there, would they even notice the cost of a high-deductible policy?
I have no doubt the bill was inflated. MediCal probably paid less, and you could have probably cut it in half by paying cash.
[quote=ucodegen]
Or, if not… it’s worth noting that Cully was conscious much of the time; they just couldn’t fix his liver.
This statement makes me very suspicious of your example. The liver is the one organ on the body that is capable of healing itself. [/quote]
I only know what I heard from the widow at the time. I do know the liver was (at the least one of the) thing they couldn’t fix.
Regarding your original question, after roughly 8 years of engineering employment, I’ve spent about $8000 on copays, premiums, and such. If it had been making 5% interest, it would now be worth a little over $10k. With a baby on the way, I’ll take the insurance, thanks.
Participant[quote=ucodegen]
The final bill (delivered to his widow, but paid by MediCal) was over $700k. Would your self-insurance cover that?
Yes, and have money left over. I would check why the bill was so high though. $700k in two weeks is crazy – even with surgeries etc.[/quote]
Good for you for saving >$700k, but it’s not useful for public policy. Maybe 1% of the country could practically save $250k to self-insure a family, and it would take them a decade to get there. And once they got there, would they even notice the cost of a high-deductible policy?
I have no doubt the bill was inflated. MediCal probably paid less, and you could have probably cut it in half by paying cash.
[quote=ucodegen]
Or, if not… it’s worth noting that Cully was conscious much of the time; they just couldn’t fix his liver.
This statement makes me very suspicious of your example. The liver is the one organ on the body that is capable of healing itself. [/quote]
I only know what I heard from the widow at the time. I do know the liver was (at the least one of the) thing they couldn’t fix.
Regarding your original question, after roughly 8 years of engineering employment, I’ve spent about $8000 on copays, premiums, and such. If it had been making 5% interest, it would now be worth a little over $10k. With a baby on the way, I’ll take the insurance, thanks.
Participant[quote=ucodegen]
The final bill (delivered to his widow, but paid by MediCal) was over $700k. Would your self-insurance cover that?
Yes, and have money left over. I would check why the bill was so high though. $700k in two weeks is crazy – even with surgeries etc.[/quote]
Good for you for saving >$700k, but it’s not useful for public policy. Maybe 1% of the country could practically save $250k to self-insure a family, and it would take them a decade to get there. And once they got there, would they even notice the cost of a high-deductible policy?
I have no doubt the bill was inflated. MediCal probably paid less, and you could have probably cut it in half by paying cash.
[quote=ucodegen]
Or, if not… it’s worth noting that Cully was conscious much of the time; they just couldn’t fix his liver.
This statement makes me very suspicious of your example. The liver is the one organ on the body that is capable of healing itself. [/quote]
I only know what I heard from the widow at the time. I do know the liver was (at the least one of the) thing they couldn’t fix.
Regarding your original question, after roughly 8 years of engineering employment, I’ve spent about $8000 on copays, premiums, and such. If it had been making 5% interest, it would now be worth a little over $10k. With a baby on the way, I’ll take the insurance, thanks.
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