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How much does it cost you?(17 posts)

How much does it cost you?CARBON110
Jan 14, 2004 10:26 AM
Just lost my Health Insurance. I don't use a group rate. I was paying $120 for really good coverage. Now my new carrier is charging me $300+ a month. In additon I am told I'm lucky it's that low!

Now I make a good living and I am single so I'm not going to complain here BUT if I didn't I can't imagine having to cover large H.Insurance every month on top of other bills on a single small paycheck. No wonder there are so many uninsured cyclists and Americans out there
I think mine's ~$325 a month (nm)TJeanloz
Jan 14, 2004 10:36 AM
You ARE (relatively) lucky...The Walrus
Jan 14, 2004 10:46 AM
...I can't even find anyone who'll write a policy (I'm diabetic) for less than $800/mo. That's well over what I pay for my mortgage, and since I've been outta work coming up on four years, guess how I'm handling it...
None of my business, but...just wondering...94Nole
Jan 14, 2004 11:05 AM
How does one survive being out of work for 4 years? I truly could not imagine.
Ummm--well, "survive" is about the right word...The Walrus
Jan 14, 2004 4:34 PM
...I'm just glad I never had a lavish lifestyle (there's a term I truly hate) to support, except where bikes are concerned. I about blew threw my savings, I'm selling off bikes, I've picked up temporary work at the LBS assembling bikes, I've gotten other short-term work where I could, and I'm about to dip into my 401(k) for the second time...
that's one reason self-employed people charge so much (nm)ColnagoFE
Jan 14, 2004 10:47 AM
re: How much does it cost you?No_sprint
Jan 14, 2004 11:01 AM
While you were paying $120, it is likely your company was paying the rest. I don't know any place to get coverage for that little. Most people pay more than that for gasoline, their cell phone, etc.

TJ is right, about $300 is a common rate. My employer falls right in line with that. 5000 employees here.
re: How much does it cost you?FTMD
Jan 14, 2004 12:53 PM
$129/month for good coverage. No dental or vision. I insure myself, this isn't through an employer. Not sure how I got it so low. I took it out when I fell off my dad's back when I was 24. It's went up every year, but it's still low.
don't knowDougSloan
Jan 14, 2004 1:56 PM
It's through my wife's employer, and since she's a public employee, education, it's full coverage at no additional cost to us.

Typically the *real* cost of no/low deductible full coverage is around $500-800 per month. Someone is paying it. With larger deductibles and smaller caps, more exclusions, etc., it can get cheaper.

I know a guy whose co-workers threatened to do on strike when their company wanted them to contribute $70 a month for full family coverage. They bargained for "free" coverage, and were willing to strike to get it. I wonder if they knew how much it really costs?

Doug
LOL. Doesn't know because Big Government covers it. (nm)czardonic
Jan 14, 2004 3:07 PM
yupDougSloan
Jan 14, 2004 3:11 PM
Really great, huh?

It's not like we are talking about welfare, here. She does actually work...

Doug
I pay $160 a monthColnagoFE
Jan 14, 2004 3:21 PM
Full family coverage--medical/dental/vision/perscription drugs. Employer's contribution is about $613 a month. Pretty expensive if I had to pay it all myself. When I was self-employed I had a much lesser policy that cost me about $500/month.
$1000/month for family of 4 withPdxMark
Jan 14, 2004 2:15 PM
dental, prescription, and good medical coverage. It increases 10%-15% or more every year. And it could be worse for comparable coverage, or cheaper with decreased coverage. But deleting some features doesn't reduce the cost all that much. We re-shop it every year.
OOFsn69
Jan 14, 2004 9:02 PM
Whoa. That's insane. I work with a lot of reservists who fly for the airlines (well, those who are still employed at least). Their various concessions to their parent companies have yielded rather large increases in their med/dental coverage, but the most I can think of off-hand is about $750 a month. $1K is amazing.

Incidentally, my bride is covered by her job, which is "included" but probably reflected by a slightly lowered salary base. No offense to Eyebob, but I don't think I'd want a military doc working on her even if it was for a lower price.

Sheesh, Mark. $1K a month. Is that the norm out there?
I think it could be even worse...PdxMark
Jan 14, 2004 9:33 PM
We are a small firm buying through brokers. So we might be suffering from a lack of bulk pricing muscle that a large airline would have.

One of my partners re-shops it every year and for the coverage we could be paying more with other insurers. We do have "extras" that add to the cost. We have psuedo-universal choice of docs, or at least the A list of preferred providers. Our preferred hospitals are also on the A list. We have a co-pay system for office visits and reasonable deductibles on hospital visits. We have prescription coverage, dental, optical.

Not being the one who keeps on eye one it, I'd guess that our insurance is fancier than average by having co-pays for office visits rather than deductibles, by keeping access to many/most of the A-list providers, and by having pretty good prescription coverage.

We might save 20% by cutting back on these extra features. But we're all partners here, so we're "self-employed" for tax purposes. That means some fraction of our health insurance costs are deductible. But still... health insurance is my largest monthly expense.
I think it could be even worse...No_sprint
Jan 15, 2004 9:05 AM
I believe you're right, there is a little apples/oranges thing going on here with your situation. When many consider health insurance, dental and optical are typically not included and are extra. My comments above relected that. I pay extra for dental. My health insurance happens to offer optical, which is unusual as it's the only of my choices to offer that.

We could likely all go cheaper with higher co-pays, deductibles, higher scrip costs, limits, etc.

We all have the choice not to go insured as well. For all the years I've been working I'd have likely saved a bunch of money by not being insured considering the amount I've used it over the years. Pay as you go services and clinics are everywhere around here. There are plenty of free clinics too, the largest problem there is choosing which one is closer.

Everyone has reasonable access to health care, everyone. I cannot think of one case of the County/USC hospital turning anyone down. It's our choice to insure or not, same with car insurance. The law requires one to show a certain level of monetary responsibility, that can be done with or without insurance.
The norm: 10k a yeardr hoo
Jan 15, 2004 10:43 AM
10k a year for GOOD family coverage is the national average, or close enough not to matter. It varies by location and coverage of course.

It could get worse very fast:

http://www.nchc.org/facts/cost.shtml

Estimates costs of 14.5k a year in 2006.