Health Insurance

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Scott Bushey

Scott Bushey

Puritanboard Commissioner
If you have health insurance, how much are you paying monthly?

How many in your family are insured?

Anyone on Cobra?

Isn't Cobra cheaper?
 
I have health insurance; The coverage is for Tina, myself and my 3 daughters. We pay $875 monthly through Cobra. That runs out in another 12 months or so, then I will have to seek another plan.
 
Our work place pays for our full health insurance. It's wonderful and a blessing! Nothing comes out of our pay check. (Never heard of Cobra)
 
Cobra is the safety net when you leave a company. It allows the seperated worker to keep the insurance intact for 15-24 months. Of course it is not as cheap as it would have been if you were on the plan with your previous company. It is however cheaper than if you had to get insurance right out of the shoot; cold.
 
Originally posted by joshua
$875!!!!! Ouch! I remember, at one time, having me with 2 dependents being less than $400 a month. I don't have insurance now. I've heard of a plan where Christian families come in together, and when a particular family is in need, there needs are taken care of. From the testimonies I've heard, it's good.
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I have heard of this Josh; I believe it is only for major medical needs.
 
" That sounds intresting. Glad there are companies like that. "

Actually, COBRA (i.e., Consolidated Omnibus Budget Reconciliation Act) is a matter of federal statutury and regulatory law. In other words, Congress enacted COBRA to ensure that workers who had to leave a company would be able to continue buying their health insurance at group rates for a period of time.
 
I have that kind of health insurance where if anything catastrophic happens I'm still up the creek-- but at least I have insurance...
 
I was faced with this problem when I dropped my career to attend seminary full-time. The school requires that all students are insured. The insurance available through the school is outrageously expensive. Cobra was expensive too. I ended up choosing Humana. For my wife, daughter, and me, our monthly charge is $189.20. I'd shop around if I were you.
 
Originally posted by doulosChristou
I was faced with this problem when I dropped my career to attend seminary full-time. The school requires that all students are insured. The insurance available through the school is outrageously expensive. Cobra was expensive too. I ended up choosing Humana. For my wife, daughter, and me, our monthly charge is $189.20. I'd shop around if I were you.
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Greg,
Care to elaborate a tad? Deductable? What are the limitations?
 
Originally posted by Scott Bushey
Originally posted by doulosChristou
I was faced with this problem when I dropped my career to attend seminary full-time. The school requires that all students are insured. The insurance available through the school is outrageously expensive. Cobra was expensive too. I ended up choosing Humana. For my wife, daughter, and me, our monthly charge is $189.20. I'd shop around if I were you.
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Greg,
Care to elaborate a tad? Deductable? What are the limitations?
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I went with a $5,000 deductible. They pay 80% after deductable is met on most procedures. They pay 80% of routine doctor visits regardless of deductible being met or not. There's a $10 copay on generic brand meds. The policy is fairly standard. The monthy fee would have been about $50 more a month had I gone with a $2,500 deductible. You can price a policy for your family at humana.com if it's available in your state. The customer service when setting up the policy was excellent. I cannot vouch for anything more than that because we haven't had any medical issues since signing up. Lord willing, it'll remain that way. :)
 
Our family goes without insurance, and we are part of a Christian health-care co-op. We share needs. Our yearly share is around $2750. There are deductibles just like typical insurance plans have. Normally is $200 per event. There aren't as many "guarantees" with this kind of program. And it is purely honor-system. I've never heard of people welching (and if they did they'd be out of the program). But it is very good for an average family.

And it's NOT for catastrophic problems. The amounts are capped at 100,000 dollars. But catastrophic insurance is actually quite cheap (kicks in at 100K for example). That's because the companies can sell them at a discount because they will seldom have to pay it out. So if you wanted to pay someone else a tad more, you could get supplemental catastrophic on top. Sadly, costs are going up even for programs like this one. Because the providers just keep ratcheting up the price to make sure they get "their piece of the pie."
 
Originally posted by Abd_Yesua_alMasih
I get all my medical bills paid by the state for free... yeah I know this is an unproductive statement.
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Interesting silence in response to that one.
 
Originally posted by Abd_Yesua_alMasih
I get all my medical bills paid by the state for free... yeah I know this is an unproductive statement.
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You are paying for it through taxation (leeching off the rich and middle class), and loss of personal control over your healtcare decisions. Nothing is free. I do not mean this to be insulting at all. I've just worked through socialized systems as an ER nurse and despise them.


Our insurance is pretty basic. Our plan is about 250/month with a 5000/yr family deductible and 100 percent coverage after that, and then a 150/month deposit into our Health Savings Account. So our total is about 400 per month. The only limitation is that you need to use their approved providers in the area, otherwise your deductible jacks way up. But if you use their providers, even before you meet their deductible, they offer discounts for all the medical fees. It's through Golden Rule. It seemed the only sensible plan for us since the seminary plan stinks and is way too expensive for what you get.

[Edited on 7-29-2005 by puritansailor]
 
Originally posted by puritansailor
You are paying for it through taxation (leeching off the rich and middle class), and loss of personal control over your healtcare decisions. Nothing is free. I do not mean this to be insulting at all. I've just worked through socialized systems as an ER nurse and despise them.
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You're very perceptive sailor. Even our health system has the financing mechanism quasi-socialized and a great deal of socialist interventionism otherwise... If one studies economics objectively-- one sees that the exbortiant costs in U.S. and inflationary pressures owe to government intervention and of course our screwed up tort system which drives liability costs through the roof. The European and Canadian, and Australian system is plagued by shortages of specialized care... We're in a vicious cycle where costs are going through the roof and the solution proposed is always more government.

http://www.independent.org/publications/books/book_summary.asp?bookID=33
 
I'm a customer service rep for a health insurance company providing claims and benefit information to providers, agents, insureds, etc. It gets pretty hairy at times, as you can probably well imagine. Occasionally I have a little break between calls so I can peer into the PB world.

COBRA is indeed expensive, the reason being you are now paying the entire premium that your employer was required to pay a percentage of (50%?)-- and it is only offered for a limited time (but it's still cheaper than purchasing an individual medical policy). The goal should always be to get off COBRA and get someone else to start sharing the expense, i.e.., get a another job. If your COBRA should run out, whatever you do, don't allow yourself to have more than a 63 day gap in coverage, thus incurring a pre-exisiting condition clause on your next policy.
 
Scott,
I'm a Health Insurance rep in FL. Humana is the best plan that I represent. If you shoot me your stats, I can run a quote for you and let you know what the premiums might be...

Just U2U or email me...
 
Originally posted by Scott Bushey
If you have health insurance, how much are you paying monthly?
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Zero. The church is paying $380 a month though. ;)

How many in your family are insured?
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Just me and my wife. My kids have other insurance.

Anyone on Cobra?

Isn't Cobra cheaper?
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No. Cobra is going to be twice as expensive as an employer plan. All Cobra does is allow you to continue group coverage previously had with an employer for up to 18 months. The catch is you have to pay all the premium and the employer is under no obligation to help. So they don't. So if you had a family plan and paid $200 a month and the employer paid $400 a month, guess what your Cobra premium would be?
 
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