HEALTH INSURANCE PLANS: Who has their own personal health insurance plan here and how much do you pay?

  • HndsmKansan

    Posts: 16311

    Nov 05, 2011 9:04 PM GMT
    I about fell over...... our group plan through my broker-dealer is going up about 20% from last year (and that was after a ridiculous increase last year) Between health insurance and dental, I'm within a "stone's throw" of paying as much as my house payment. This is crazy shit!!! However it is a group plan, don't have to prove insurability and there are retired people who are driving the costs way up.

    So who here has a individual plan? Was (is) is a pain in the butt to maintain and I assume your premiums have been "hiked" every year?

    Anybody just quit their plans since it cost too much??

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    Nov 05, 2011 9:56 PM GMT
    Just wait until you hit your 50s. This is completely out of whack. I'm shopping a new plan (& going back to work) as they just hiked me again. Individual plan started off about 5 years ago at $300-350/month with a $2k deduct, went up every year. Even after relocating to a lower cost area, decreasing insurance costs by 20%, I'm now at nearly $500/month with a $5k deduct.

    I've never put in a claim. I've had one three-day cold in the last two years. At this point, it might be cheaper to go without, completely self insure, and fly to Thailand for any needed operations and a night on the town. If I didn't have family that would insist on kicking in for an emergency, jeopardizing their security to save my life, I'd probably do without.

    At this rate of inflation, by the time I'm old enough for medicare (assuming it will still be there by then) I'll be paying $28,000/ year for fucking insurance. To cover that, at a supposedly (something else I no longer trust) safe withdrawal rate of 4%, I'd need $700,000 set aside just to continue safely withdrawing monthly insurance premiums without worrying about running out of money for that. (ooops, edited figures, i keep forgetting how old i am)

    I'm pretty sure this is just going to piss me off one day & I'll hang it up and head overseas. God bless America.
  • HndsmKansan

    Posts: 16311

    Nov 05, 2011 10:05 PM GMT
    theantijock saidJust wait until you hit your 50s. This is completely out of whack. I'm shopping a new plan (& going back to work) as they just hiked me again. Individual plan started off about 5 years ago at $300-350/month with a $2k deduct, went up every year. Even after relocating to a lower cost area, decreasing insurance costs by 20%, I'm now at nearly $500/month with a $5k deduct.
    .



    Wow, you are lucky.... I'm already paying $500.00 a month for my health insurance as a part of a group plan.... and we have a 20+% increase scheduled.
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    Nov 05, 2011 10:39 PM GMT
    Universal healthcare BITCHES. icon_cool.gif
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    Nov 05, 2011 11:03 PM GMT
    Mine was higher in south Florida because I was paying for the local users in a high cost area. Now I'm in a younger & lower cost area so my rates went down. Even with the 20% overall decrease, I'm still averaging about 15% increases annual. I expect that to accelerate as I age. I'd be happily surprised but I do not expect medicare to survive through my time to collect back what I've been paying in all these years.

    For now and while I retrain in school for another career I think I will find just catastrophic care with a very high deduct for probably around $300/month, with vision & dental self-insured as I also do now. Then I'll get a job with at least some decent bennies. The pay doesn't matter much, I've already had a lot of fun in life and my favorite people to play with are dead. So if I can just pay my bills which are minimal, I'll be happy enough.

    If I wind up in a career I love, probably I'll just work it till I drop. Otherwise, and if there's no medicare later in life, I'll just sell out and live pretty well overseas where costs compared to quality of life seem more reasonable. I never liked getting ripped off yet more and more that's what it feels like to live here.
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    Nov 05, 2011 11:31 PM GMT
    It's gone up about 20% a year pretty steadily. Of course, they keep changing it "to conform with new requirements," so I feel like I'm the rube in a game of 3-card monte. I think I'm paying about $400 a month with a $5K deductible.

    I liked the concept of the health savings accounts, but when I was shopping around, it seems like the coverage you got with one was significantly shittier. I didn't quite follow why... So why not just keep $5K in a regular savings account and buy this better high-deductible policy for less money? Anyway, that's what I did.