| Personal Health Insurance |
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dreamer100
Full Member
Cash: $ 16.15
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| Personal Health Insurance |
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I want to retire or at least only work part time. In doing my number crunching, I believe I can afford to with only one exception which is the cost of health insurance.
In going through the website http://health.usnews.com/health-insurance, it is clear that New York has incredibly high individual health insurance rates. I was surprised to see much lower rates are for individual plans in other states that I checked with New Jersey being the only exception. Also other states had many more options.
I'm wondering if people have experience with individual health insurance plans in other states. Perhaps I'll have to move.
Thanks
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Tue Jan 22, 2013 11:31 pm |
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smk
Preferred Member
Cash: $ 37.05
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Joined: 12 Dec 2012
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ny is very aggressive towards those who do not go through an employer. that may change with the new health care bill. if it doesn't, you can start some sort of company (llc for instance) where you do some work and apply as an employer. those rates have been about 20% higher than rates for large companies. if you make it a multimember llc, you can get that down to about 10%. there are also pools you can join perhaps through a local chamber of commerce that would get you to the 20% premium. i don't know, but this problem may go away with the new health care exchanges...
Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
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Wed Feb 20, 2013 9:02 pm |
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oldguy
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Location: arizona
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quote:
but this problem may go away with the new health care exchanges...
lol - depends on your definition of "go away". The most likely outcome is that all price 'discounts' will disappear and everyone will go to the obamacare exchanges and everyone will pay the highest rate.
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Wed Feb 20, 2013 9:50 pm |
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smk
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Cash: $ 37.05
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Joined: 12 Dec 2012
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oldguy...you are really negative on health care costs. as you know the insurance companies could not raise their rates like that unless their actual losses go up at that speed. you must really think the doctors are going to be squeezing the life out of all of their patients...
Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
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Wed Feb 20, 2013 10:00 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
you must really think the doctors are going to be squeezing the life out of all of their patients...
No, I think the opposite - the govt is going to squeeze the doctors until they go broke and/or take early retirement.
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Wed Feb 20, 2013 11:22 pm |
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smk
Preferred Member
Cash: $ 37.05
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Joined: 12 Dec 2012
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the government does not charge the doctors. also the regulation they forced on the doctors (electronic medical records) will save them money...
its funny. there were a lot of people who talked about government death panels where government officials would decide who would live or die by approving treatments or not. people were scared because of what the government would do.
i spent some time at memorial sloan kettering and i can tell you from some rather direct expereince that people SHOULD be scared of what the private industry death panels ARE doing right now.
people are afraid of communism in THEORY, but capitalism can be every bit as bad in REALITY. personally i don't have a political agenda. but when someone comes to me with theirs, sometimes i try to get them to wake up and smell the roses...
Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
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Thu Feb 21, 2013 2:33 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
I was required by my former employer to purchase my retiree health insurance plan through a health exchange in order to get my spending account allocation. My experience is that this exchange added no value, saved no expense, assisted in no way, and the only contribution was a great deal of aggravation to the process.
lol - BTDT. The 500 company that I started at in 1966 and worked for 33 years, then retired 14 yrs ago, did a great job with both employee & retiree healh coverage. Then last year they called a meeting, notified retirees that we were being shifted to an exchange.
So we have medicare, an exchange supplement, a prescription coverage (complete w/ donut hole), plus a mail order drug provider. I mail 4 checks/mon to various providers in various cities. And then the exchange occasionally credits money back to our checkijng acount. As you say, no value-added, lots of hassle & book keeping.
Remember when Obama loudly pronounced that "if you like your healthcare you can keep it."
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Thu Feb 21, 2013 1:48 pm |
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smk
Preferred Member
Cash: $ 37.05
Posts: 183
Joined: 12 Dec 2012
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i know in nys there is a huge difference in price between buying through an employer and as an individual. in fact, if you can't buy through an employer, most people just go uninsured because it is completely unaffordable. the insurance companies justifyit because anyone who is too sick to work is probably a bad insurance risk and their losses have been huge in this area. i thought the insurance exchanges might equalize the difference after 2014 because people who can get insurance through an employer could be offered a competitive product through an exchange. if that is not the case, then we simply keep the same structure. but there is a problem if you force poor people to buy insurance or pay a penalty. then if the insurance costs $2,000/monthm it is just not viable. i thought there were solutions for this...
Steve Kanney, CFA
http://www.integratedfinancialny.com/index.html
Any comments made are designed to help you make your own decisions and do not consititute investment advice.
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Thu Feb 21, 2013 3:20 pm |
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hildmiley
New Member
Cash: $ 1.00
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Joined: 03 Apr 2013
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Personal health insurance is a great way to ensure you get the medical treatment you require when you need it. When you start a family you will inevitably have more people relying on you to be healthy and fit. If you find that you are in need of medical assistance you'll want it immediately rather than having to wait on the public system
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Fri Apr 05, 2013 9:01 am |
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Anton Martin
Full Member
Cash: $ 15.00
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Joined: 23 Nov 2012
Location: Florida, USA
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| Re: Personal Health Insurance |
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quote:
Originally posted by dreamer100
I want to retire or at least only work part time. In doing my number crunching, I believe I can afford to with only one exception which is the cost of health insurance.
In going through the website http://health.usnews.com/health-insurance, it is clear that New York has incredibly high individual health insurance rates. I was surprised to see much lower rates are for individual plans in other states that I checked with New Jersey being the only exception. Also other states had many more options.
I'm wondering if people have experience with individual health insurance plans in other states. Perhaps I'll have to move.
Thanks
Well it is important to have health insurance these days but at the same time it is expensive too to afford. Best way to get right and low cost health insurance is, you need to do thorough research on health insurance and at the same time you need to undersand your health care needs. You can get lot of option for health insurance but what suits your needs best is something very important to know. I would like to tell you that use google to do your research and collect as much as data you can and then decide on it.
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Mon Apr 08, 2013 1:37 pm |
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jallyjames
Contributing Member
Cash: $ 5.85
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Joined: 05 Jul 2013
Location: Delhi
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Health insurance is very good if you need and Excellent ideas, very useful!
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Mon Jul 08, 2013 7:06 am |
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albertjohnson
New Member
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Joined: 22 Jan 2015
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Medicinal help is one thing we search for and get on prompt premise, which is very obligatory for opportune harm treatment. It's imperative to report your damage to a solid mishap legal counsellor, who can formally start the entire suit conventions for getting case and remuneration and so forth...
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Wed Feb 11, 2015 11:14 am |
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