Buying Health Insurance - Infuriating

[Irving]

Ours is over $700 a month with a $10,000 deductible.

[electronman1729]

Ours is over $700 a month with a $10,000 deductible.

Wow that is a lot of money!

Is that for a family or just you and your spouse?

[Skip]

Ours is over $700 a month with a $10,000 deductible.

Many of my friends are the same boat with a high deductible (as are we). What I've discovered talking to them over drinks is that a significant health event would still mean bankruptcy (or at minimum be financially devastating to them) because they don't have the funds for the deductible.

Add that to, if someone got seriously sick and couldn't work (ran out of sick time/FMLA), they couldn't pay the premiums and would lose the crappy plan entirely.

Remember in 2008 when Dems said the Republican plan was "don't get sick?" Yeah, even worse now.

We decided to save up our individual deductible as part of planning for this BS (took us a while). So my wife/kid can afford to get sick now. But I can't.

And this is what I mean about people not understanding insurance...

Show me the person who benefits with an exchange subsidy but has $6,500 to pay a ObamaBronze deductible? You can't. You can show me a person with a preexisting who benefited but prices are creeping to the point even that advantage is being wiped out. So what people have is a piece of paper but not insurance.

[Rumline]

Many of my friends are the same boat with a high deductible (as are we). What I've discovered talking to them over drinks is that a significant health event would still mean bankruptcy (or at minimum be financially devastating to them) because they don't have the funds for the deductible.

Not just the deductible, but the out-of-pocket maximum. Even after you meet the deductible, a lot of plans still require 10-20% coinsurance until you hit the out-of-pocket maximum.

ETA: if you have a high-deductible health plan, you really need to also have a Health Savings Account (HSA) and be maxing it out, or at least making solid contributions.