Isn't buying medical insurance not +EV?

[Timetopay]

most of the time agents sell the insurance part. The $3600 deductible insurance plan you spoke of.

That is just insurance. No savings attached to that.

So the payroll deduction would be to cover the cost of insurance.

Obvously every situation is different and your may be.

Alot of times I have seen people though think because they are buying a HSA compatible insurance plan that they are getting the actual HSA funded.

 

[billhill999]

I pay 1700 a year for insurance, for my wife any I.
I just had *minor* surgery, septoplasmy for my deviated septum.
BillHill's out of pocket cost for a 10,200 dollar *minor* surgery?
50 bucks.
If I don't need my insurance for anything for the next five years, I'm still ahead of the game.

 

[fhmesq44]

oh, I follow now. Yeah, well, I technically fund both since I am an owner of the company and responsible for both the cost of my own insurance and the funding of my HSA. I think we are also funding some of the HSA portion for regular employees (as opposed to owner employees).

 

[Timetopay]

oh, I follow now. Yeah, well, I technically fund both since I am an owner of the company and responsible for both the cost of my own insurance and the funding of my HSA. I think we are also funding some of the HSA portion for regular employees (as opposed to owner employees).

Good for you. An executive perk.

Just wanted to make sure you were set up ok. I have seen it so many times that the regular employee population doesnt understand it,doesnt fund it,and than needs to use it and has no money in the account.

Let me know in a few months what you think of it and the feedback you hear back

 

[PBR]

You sell insurance Mr. Pay? I thought you sold used cars. Oh well, same f'n thing.

 

[Timetopay]

You sell insurance Mr. Pay? I thought you sold used cars. Oh well, same f'n thing.

Or water filtration...

 

[PBR]

Or Saladmaster cookware

 

[fhmesq44]

Good for you. An executive perk.

Just wanted to make sure you were set up ok. I have seen it so many times that the regular employee population doesnt understand it,doesnt fund it,and than needs to use it and has no money in the account.

Let me know in a few months what you think of it and the feedback you hear back

TTP,

Gotta say I am pretty pleased with the HSA. Seems like more things are covered and at greater coverage amounts. Also like that any deductibles or unpaid amounts are paid out of the HSA account instead of my own pocket. I realize that in the end it is the same since I have funded the HSA, but it is nice paying it out of the segregated account instead of my own account. Also very quick to get reimbursement checks if we have to submit for reimbursement instead of paying from the account directly.

 

[fhmesq44]

Yeah, ours is 100% after you hit the deductible. Even before the deductible is hit it seems like it covers more than before. With kids, my wife is constantly at the Dr. We have Blue Shield.

 

[TomGshotput]

Doctors and hospitals will negotiate prices paid with insurance companies, but not individual patients

Available governemnt subsidies for health coverage change when you become insured. Sometimes in your favor, sometimes not

You need to remember that health care is not an efficient market. It actually seems to operate based on the most inefficient principals. A lot of areas of health coverage also operate without following any sense of ethics. Because of that, the rules about where the money goes is far different that anything else

For a lot of people, carrying insurance is -ev. But because of the problems with the industry it may still be something to look into

 

[romer]

lets just say this

I have had back surgery with all the therapy and other things associated with it...

I have 4 childrens

and I was shot and stabbed by mexicans in a gang fight

i would be broke without it

shit you're broke with it. ope:

 

[Hitman26]

My health insurance almost doubled from last year to this year to 340 bucks every 2 months. I'm 32 single and haven't had any problems since I was 18 and under my parents insurance. I really am feeling ripped off this year and have considered canceling. The letter I got last year when my rates jumped up was just a bunch of mumbo jumbo citing escalating medical costs nation wide and blah blah blah. I mean there has to be a point in every ones budget when it's just too much to pay. Of course the unknown is what scares me into paying on time but I really feel like I'm being conned out of my money.

 

[Hitman26]

Alabama....It's Alfa Memeber Health Plan which is Blue Cross Blue Shield preferred care whatever in the hell all of that means.

 

[romer]

My insurance went down about 3 and a half bucks a month. I don't know why?