Do you have health insurance? I'm thinking of getting rid of mine...

  • Posted by a hidden member.
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    Nov 20, 2008 8:41 AM GMT


    I'm to receive an extra $200 tax on healthcare premiums this year.

    My private health insurance currently $2000 year is to be taxed to give increased tax breaks on the private health insurance premiums of people over 60. When it is illegal for my insurance to charge me anymore than a 60 year old provided they are covered before they are 50.

    Also this new $200 tax will apply to all health plans irregardless of coverage or deductible.

    My government has socialized my private healthcare, Which I pay for because it's socialized healthcare system is shit.

    So I already pay for healthcare twice, once in taxes and now again in premiums, plus now a tax on the premiums

  • Posted by a hidden member.
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    Nov 20, 2008 4:00 PM GMT
    I would advise you to keep your health insurance.
    I was training for a triathlon and felt something 'slip' in my lower back. icon_eek.gif
    After all the tests & scans, surgery was the only option. I was in the hospital 36 hours and the bill was $196,000.00. Healthcare costs in the US are insane.

    Being self employed I'd often looked at the cost of my health insurance and thought of all the other ways I could use that money. Not anymore. When I got that hospital bill, I can't tell you how happy I was that I had health insurance.
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    Nov 20, 2008 4:05 PM GMT
    jtaustin saidI would advise you to keep your health insurance.
    I was training for a triathlon and felt something 'slip' in my lower back. icon_eek.gif
    After all the tests & scans, surgery was the only option. I was in the hospital 36 hours and the bill was $196,000.00. Healthcare costs in the US are insane.

    Being self employed I'd often looked at the cost of my health insurance and thought of all the other ways I could use that money. Not anymore. When I got that hospital bill, I can't tell you how happy I was that I had health insurance.


    In America the cost of something reflects how badly and quickly you need it. Yet most medical situations are unforeseen and usually result in (further) injury or death when not treated in a timely manner. It's a bad situation.
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    Nov 20, 2008 4:07 PM GMT
    Keep the insurance. I'm still paying off bills from a three day hospital stay last year, and it doesn't look like they'll be gone anytime soon.
  • Aquanerd

    Posts: 845

    Nov 20, 2008 4:16 PM GMT
    AMT87 said


    So I already pay for healthcare twice, once in taxes and now again in premiums, plus now a tax on the premiums



    Dude, before you give up private health care insurance, and rely souly on government health care, ask yourself, what does government do well. I have private insurance with a high annual deductible, and pay a fraction f what you do in premiums. I do have enough in savings, to cover the deductible.
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    Nov 20, 2008 4:39 PM GMT
    Your young, so you are less likely to require healthcare, unless any aspect of your location/work/lifestyle could cause you harm. Whether its the environment you work in, partying, sports injury, congenital medical problems, genetic predisposition to illness, or random injury.

    I know someone who was in his early thirties without health insurance. He'd just received a large inheritance and shortly thereafter injured his back. The hospital bills not only wiped out the inheritance and all savings, but they were still insufficient to fully repair the damage (which was repairable.) Now he's got a permanent injury, no money, inability to work, and he's still young. I commend him on the life he's lead, and what he's had to overcome in spite of it.

    This is what you could be up against. Consider it carefully. I pay more than you do and mine is subsidized substantially by my employer.
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    Nov 20, 2008 4:51 PM GMT
    You are also paying for the health care insurance of smokers and obese people who are kinda getting paid for their unhealthy lifestyle. Would'nt it be nice if you could buy healthcare insurance that was based on a physical exam...but that is illegal too.
  • tailgaytor

    Posts: 41

    Nov 20, 2008 5:03 PM GMT
    Keep your insurance. You might have the option to go for a higher deductible which could reduce the premiums, but accuatly you cannot afford the cost of even a minor injury or surgery.

    I used to think I would sure like to have the cash in my paycheck that my employer put out every month, but my one time in the hospital was enough to convince me otherwise. I had outpatient surgery in the early 90's and it was over $15,000. I can't even imagine what it is today.
  • Posted by a hidden member.
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    Nov 20, 2008 5:10 PM GMT
    When I initially went freelance years ago, I let my insurance go for a year. It was the most stressful year of my life.
    I would not advise that anyone in this country go without health insurance if you are at all able to swing the cost.
    Even the smallest ailment usually costs approximately one billion dollars (give or take a few bucks).
    If you are , god forbid, diagnosed with cancer or something else serious while uninsured , it would be nearly impossible to find coverage after that.
  • Posted by a hidden member.
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    Nov 20, 2008 5:30 PM GMT
    Actually in reality if I think about I'm paying 3 times. Four times if you count this new tax.

    First of all in taxes to support an Irish governments socialized health care. Which I never use....but have no choice

    Second of all in premiums to a private provider (the most over priced legacy company) So I don't loose coverage in Europe and my parents don't have to rework their family plan.

    Thirdly to a US based insurance company to cover the holes in my policy that won't be covered in the united States.

    I'm literally being raped by healthcare industry

  • Posted by a hidden member.
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    Nov 20, 2008 6:41 PM GMT
    Alpha13 saidWould'nt it be nice if you could buy healthcare insurance that was based on a physical exam...but that is illegal too.


    I did. I had to get passed a year in advance but my employer has a healthy lifestyles program where I get a discount on monthly premiums through Aetna.

    Um... for private health care I know Aetna offers plans starting at under $50 USD. Of course you'll have some out of pocket costs.
  • Posted by a hidden member.
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    Nov 20, 2008 6:46 PM GMT
    Boy, I am glad I had insurance thru my company when this cancer struck. It was expensive enough just paying 20% or whatever I had to pay....but it was bearable.

    I just picked my benefits for the coming year.....I upped my long term disability coverage to 60% of my base pay. Ya never know.
  • MikemikeMike

    Posts: 6932

    Nov 21, 2008 6:55 AM GMT
    This was my point on another thread- In the US hmo's destroyed good healthcare under the Dems- no worries Obama will save you...NOT- things are gonna get worse people. Write your congressmen now!!
  • caliboy

    Posts: 81

    Nov 21, 2008 6:56 AM GMT
    Bro... If you got it, keep it. If you dont' have any, try to get some. Insurance costs suck, but when you don't heave insurance, it's amazing how all teh sudden you will need it and be praying you had it. It's kinda like car insurance, it sucks to pay money and never see it, but you got have it for the "what if"... unfortunantly. I see too many think they will save $ taking the cash, but when a medical bill comes, damm... it sucks.
  • GQjock

    Posts: 11649

    Nov 21, 2008 11:19 AM GMT
    From someone who went through a catastrophic medical situation in the past
    Don't be so hasty in getting rid of your insurance
    Yeah you might be young and you consider yourself healthy but what if that changes tomorrow
    While biking years ago I was hit by a car
    I was in a coma .. needed orthopedic and plastic surgery and was in the hospital for a good while
    The bill would have been well over 100,000 if I didn't have insurance
    With this system we are all just a catastrophic illness away from bankruptcy
    if you can shoulder the ins then at least cover yourself with the minimum amt
  • Posted by a hidden member.
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    Nov 21, 2008 10:26 PM GMT
    I went without insurance willingly for many years when I was young. it worked out. It doesn't necessarily, but for young people, often just carrying major medical is a reasonable plan. Less costly than full coverage which may be more than you need, ,but covers you in a bad situation.

    Your "triple jeopardy" isn't a plot from the various parties, more an attempt to cover your ass for you. don't know what to tell you about the redundancy, either in terms of coverage or cost.

    I will say that as far as "paying for insurance for others" in your taxes, buck up and eat it. It's part of the cost of being successful. Unless you don't plant to live to be 60 (I'm guessing that applies in Ireland - in the US it's 65.), then accept that, too your turn will come.

    On a side note, this week we were hearing again about the high cost of health care plans the US automakers pay for union workers. Of course their are unions in Germany, too, and other European auto centers. Guess not in Japan. But in all those places, healthcare is considered a right, and guaranteed by the state - not here. Maybe if the automakers had seen the light on that issue long ago they'd have some much desired parity with their foreign competition.
  • Posted by a hidden member.
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    Nov 21, 2008 11:13 PM GMT
    Definitely keep some kind of health insurance against catastrophic illness or accidents. A few years ago- after years of paying insurance premiums for what seemed like no good reason - I passed out at the gym and I found out I have a heart condition, which is completely manageable, but which has cost well over $100k to take care of. Then just last weekend I got stung by a bee. I'm allergic so I wound up spending a few hours in the ER. I haven't seen the bills yet, but I'm pretty sure my insurance company will have paid well over $3k for that adventure. Cost to me: $100.