#98QBKiller Posted August 18, 2009 Share Posted August 18, 2009 Does anyone here buy private health insurance? If so, do you have any advice or can you recommend a certain company to check? I was laid off from work last month and I'm looking into private plans. I've checked some quotes online but I'm having a hard time deciphering what's what. I'm just looking for me, I'm not married and don't have any kids. Any advice is appreciated, but please don't turn this into a debate about politics. Thanks! Link to comment Share on other sites More sharing options...
dockeryfan Posted August 18, 2009 Share Posted August 18, 2009 Does anyone here buy private health insurance? If so, do you have any advice or can you recommend a certain company to check? I was laid off from work last month and I'm looking into private plans. I've checked some quotes online but I'm having a hard time deciphering what's what. I'm just looking for me, I'm not married and don't have any kids. Any advice is appreciated, but please don't turn this into a debate about politics. Thanks! If you don't go to the doctor that much, and have really no medical problems... purchase a high deductible policy. Blue Cross Blue Shield will be able to insure you for less than 90 bucks a month with a $1700 deductible plan. So you'll pay like $1000 or $1100 bucks on the year for the insurance. If you get in a major accident, you'll pay the first $1700 out of pocket, but then the insurance will kick in. Hospital stays can be in the thousands of dollars a day very easily, so you have to insure against that. This way, you won't end up owing the hospital like 25,000 if you get really ill. Link to comment Share on other sites More sharing options...
SnyderShrugged Posted August 18, 2009 Share Posted August 18, 2009 If you don't go to the doctor that much, and have really no medical problems...purchase a high deductible policy. Blue Cross Blue Shield will be able to insure you for less than 90 bucks a month with a $1700 deductible plan. So you'll pay like $1000 or $1100 bucks on the year for the insurance. If you get in a major accident, you'll pay the first $1700 out of pocket, but then the insurance will kick in. Hospital stays can be in the thousands of dollars a day very easily, so you have to insure against that. This way, you won't end up owing the hospital like 25,000 if you get really ill. Good call, though I would start an HSA to couple with it, double your monthly investment into health care by putting another $90 per month into the account. If you are reasonably healthy, you'll most likely carry money over into next year and then you can actually pay for next year's premium out of the money you saved this year. Link to comment Share on other sites More sharing options...
ljs Posted August 18, 2009 Share Posted August 18, 2009 Link to comment Share on other sites More sharing options...
SnyderShrugged Posted August 18, 2009 Share Posted August 18, 2009 99, what state are you in? I'll look for you too. Link to comment Share on other sites More sharing options...
#98QBKiller Posted August 18, 2009 Author Share Posted August 18, 2009 If you don't go to the doctor that much, and have really no medical problems...purchase a high deductible policy. Blue Cross Blue Shield will be able to insure you for less than 90 bucks a month with a $1700 deductible plan. So you'll pay like $1000 or $1100 bucks on the year for the insurance. If you get in a major accident, you'll pay the first $1700 out of pocket, but then the insurance will kick in. Hospital stays can be in the thousands of dollars a day very easily, so you have to insure against that. This way, you won't end up owing the hospital like 25,000 if you get really ill. Thanks man, that explanation makes things a little clearer. I'll check BCBS out. I was looking at plans from Aetna that ranged from a $500 deductible to a $10k deductible, so I had to brush up on my terms/understanding of how it all works. 99, what state are you in? I'll look for you too. I'm in North Carolina. I definitely appreciate the help SS. Link to comment Share on other sites More sharing options...
HOF44 Posted August 18, 2009 Share Posted August 18, 2009 Check with Kilmer17 and RememberOsaka. They are in the industry I believe. Link to comment Share on other sites More sharing options...
SnyderShrugged Posted August 18, 2009 Share Posted August 18, 2009 99, I found one with my company that might work. I'll send a PM with a link. I'm not sure what the premium costs, but it is an individual high deductable plan, so it will be lower than normal plans. Also it's one with a Health savings account. I'll keep looking with other companies too. I think BCBS has a good option too. (as far as I can tell the lowest deductable is 1200, which is pretty low for a high deductable plan) http://www.nchealthplans.com/compare_hsa/ Link to comment Share on other sites More sharing options...
Drockvb Posted August 18, 2009 Share Posted August 18, 2009 I hope you are healthy. Individual plans are crazy expensive for people with pre-existing conditions, like me. I pay $620.00 a month. :( ..and thats the high deductable plan. Link to comment Share on other sites More sharing options...
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