tag:blogger.com,1999:blog-17669835.post3303998031044945745..comments2023-09-28T03:05:12.121-07:00Comments on Terrance this is stupid stuff: Average Family Health Insurance Cost: $16,351; Obamacare $2,085 Penalty Weak/UnenforceableT. D.http://www.blogger.com/profile/11952394767212085011noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-17669835.post-13870278641769888722014-03-22T19:16:05.617-07:002014-03-22T19:16:05.617-07:00Like when social security retirement age was 65 an...Like when social security retirement age was 65 and average life expectancy 58 for men and 62 for women? Planning on a lot of people not getting real use out of their coverage.T. D.https://www.blogger.com/profile/11952394767212085011noreply@blogger.comtag:blogger.com,1999:blog-17669835.post-19457588695536048402014-03-22T15:41:41.568-07:002014-03-22T15:41:41.568-07:00I suspect that's why in a bronze plan, deducti...I suspect that's why in a bronze plan, deductibles are $6350 per person.MAX Redlinehttps://www.blogger.com/profile/12040240474444763721noreply@blogger.comtag:blogger.com,1999:blog-17669835.post-61002927274552122572014-03-22T13:39:15.957-07:002014-03-22T13:39:15.957-07:00Exactly right, Max. Unfortunately for the young it...Exactly right, Max. Unfortunately for the young it's like immensely jacking up life insurance premiums. You probably want something, especially if you have a family, but if you have to pay two or three times as much as it is really worth actuarially, it is not a wise investment. Sure, you may be one of the unlucky few, but the vast majority will save by not getting it--especially if they can set the actuarially sound amount aside.<br /><br />The same thing with auto insurance. If my rates were jacked up to pay for the young, it wouldn't be a good deal for me--especially if the only penalty was a voluntarily imposed one of taking it out of my tax refund. As it is I've paid in a lot more than I've taken out, but the peace of mind is worth the reasonable monthly rate I pay.<br /><br />In 2009 the government estimated average 2014 out-of-pocket health care costs per household at $3,300. I'm not sure how accurate that is.<br /><br />https://origin.bankrate.com/finance/insurance/coping-with-out-of-pocket-health-care-cost-1.aspxT. D.https://www.blogger.com/profile/11952394767212085011noreply@blogger.comtag:blogger.com,1999:blog-17669835.post-29652863231518536472014-03-21T15:27:24.898-07:002014-03-21T15:27:24.898-07:00Excellent post, TD!
This outlines why I've be...Excellent post, TD!<br /><br />This outlines why I've been saying that if you're relatively healthy, there's no point in signing up for Obamacare; the premiums will eat you alive, while the penalties are insignificant. Moreover, the deductibles, co-pays, and other add-ons increase the financial hit.<br /><br />There is one positive aspect to Obamacare, however: co-pays and other out-of-pocket expenses were generally not considered as part of your individual deductible, whereas now they are. For many people, a deductible of, say, $6500 is pretty easy to hit when you're paying $50 co-pays to see a doctor and co-pays on prescriptions. To say nothing of specialist rates.<br /><br />But again, if you're healthy and you play the tax game correctly, you'll come out thousands of dollars a year to the good by not enrolling.MAX Redlinehttps://www.blogger.com/profile/12040240474444763721noreply@blogger.com