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Thread: Insurance for the young could be less than $50 a month

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by annata View Post
    I used my AARP Supplental Medical Ins. today - paid $50 towards my visit.
    I got a physical, refills on my thyroid med, EKG, blood test, and will do stool samples for colon cancer.

    I don't know what the lab cost, for the stool sample will be , but the whole thing costs me around $200.

    I go back in 6 months for the same proceedure (except the EKG ).
    Now tell me why this isn't an effective cheap insurance that matches my needs??
    I am going to make some assumptions here.

    You are over 65.

    You could participate in Medicare.

    Your AARP membership is then rewarded by the government who pays a premium for each individual off Medicare and on the AARP card. Your AARP insurance is known as a Medicare Advantage Plan. AARP gets your PART A premium that you paid for with Social Security and Medicare taxes from your paycheck.

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    Re: Insurance for the young could be less than $50 a month

    What happens when the stool sample for colon cancer comes back positive?
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Blue_State View Post
    I am going to make some assumptions here.

    You are over 65.

    You could participate in Medicare.

    Your AARP membership is then rewarded by the government who pays a premium for each individual off Medicare and on the AARP card. Your AARP insurance is known as a Medicare Advantage Plan. AARP gets your PART A premium that you paid for with Social Security and Medicare taxes from your paycheck.

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Threegoofs View Post
    What happens when the stool sample for colon cancer comes back positive?
    I do have hospitalization -catastropic coverage.

    It's like asking me what happens when I get hit by a bus, or have a heart attack. Being in sales I have been pitched (attempted sales) by insurance agents.
    The "what if" assumes I am going to get cancer/heart disease, etc.

    I'll take my chances, so far every screening proceedure comes back negative - i do my very best to stay in shape - healthly lifestyle.

    At some point I have to roll the dice, because better insurance is unaffordable.

    ( and thank you for the Kaiser site you listed - I do have some tax credits, but not to offset high premiums).

    What we need to focus on is getting the young signed up, the risk pool is to small with just us older Boomers.
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by annata View Post
    I do have hospitalization -catastropic coverage.

    It's like asking me what happens when I get hit by a bus, or have a heart attack. Being in sales I have been pitched (attempted sales) by insurance agents.
    The "what if" assumes I am going to get cancer/heart disease, etc.

    I'll take my chances, so far every screening proceedure comes back negative - i do my very best to stay in shape - healthly lifestyle.

    At some point I have to roll the dice, because better insurance is unaffordable.

    ( and thank you for the Kaiser site you listed - I do have some tax credits, but not to offset high premiums).

    What we need to focus on is getting the young signed up, the risk pool is to small with just us older Boomers.

    OK. You've given very thin information, so I looked up the AARP supplemental insurance plan, and I guess I can assume you have the supplement for hospitalization only.

    Heres what it coves and heres what it doesnt:
    https://www.myhospitalplan.com/asset...e_Standard.pdf

    The rough coverage says:
    These plans pay daily fixed cash benefits for covered**:
    Hospital stays
    Outpatient surgery
    Intensive Care Unit stays
    Post hospital skilled nursing facility care


    So in other words, they;ll give you a certain dollar amount for each day you are in the hospital. That doesnt mean they'll pay for everything. That means exactly what it says. You go in for colon cancer resection, they'll pay a daily rate. What that rate is is not clear, but I can guarantee it will not cover the doctors bills the surgeons fee, the anethesiologist bills, the consultant physician bills, etc, although they do say "benefits and costs vary depending upon plan selected".

    Again, supplements are clearly considered to NOT be a substitute for real insurance. This is the reason why.


    But lets go back to the 'what if' question. If you didnt want to know 'what if", I would assume you wouldnt bother with a test. Being in shape and having a heatly lifestyle will not prevent the cells in your colon from deciding to become neoplastic and your immune system from catching them in time. Colon cancer happens to the healthiest among us, so considering what will happen when you have a costly and catastrophic disease is EXACTLY why you carry insurance.

    And Colon Cancer is not treated as an inpatient all the time. it may requite months of very expensive outpatient chemotherapy or radiation therapy that your hospital supplement is not going to cover.

    You may want to consider the fact that you may not be able to NOT afford health better insurance. And yeah, going to the exchanges is going to cost you more, but thats because you functionally didnt have any real insurance in the first place (assuming my facts about the supplemental plan are correct).

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Blue_State View Post
    Insurance companies found that by providing check ups and preventative services at a reduced price or for free, they encourage the people on the policy to use those services. Those services promote better health which costs less for the insurance companies then the not having those benefits. Without those benefits in the plan, people wait until it is too late and the care is more expensive then the preventative measures that would have provided early detection or avoidance of the disease all together.
    And if you're the kind of person who needs that in your plan in order to get yourself checked out, then go buy that kind of plan. As an adult I don't need the trivial things covered, and so I shouldn't have to pay insurance on them.

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Threegoofs View Post
    Yet it's not bare bones health care, and it looks to be substantially less than that price.

    Apparently, you would benefit from the advertising, since you are so clearly misinformed!

    I do love hearing the contradictions:

    Conservative 1) the coverage is terrible and expensive!

    Conservative 2) yes! And it pays for so many things I don't need!
    It seems you are the one that is misinformed, as I have already ran through the number and I can tell you that not less than that price. 1.9 million can get it for under $100 a month after subsides for the lowest costing plan. So even assuming that those 1.9 million sign up, that still leaves the administration 800,000 people short of their goal for young enrollment. 800,000 people that they need to convince to buy bare bones coverage for anywhere from $100 a month to just barely under $500 a month for only 60% coverage with extremely limited networking. I'm betting that even with advertising, they aren't going to be able to convince people to do it. Not to mention, even if those goals are hit, they still can run into problems with an insurance death spiral. I'll assume that even if they got their 2.7 million to sign up, a vast majority of them are going to be cheap bronze plans. Fine, I don't have a problem with that. But I'm assuming that the people who consume the most healthcare are going to have a higher propensity to buy more expensive insurance. This can easily create a situation where silver and gold plans quickly become a glut of only high risk patients.

    So you don't think possible that it both pays for things that you don't need and still has terrible basic coverage? Which planet are you living on? I don't care that they are bare bones healthcare plans. I think they are a great option to have. I'm just saying, I don't think you can convince people to shell out hundreds of dollars a month for it, especially those who are least likely to use healthcare.

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by sangha View Post
    You're not typical

    Wanna bet? I am right in the median of this country.
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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by j-mac View Post
    Wanna bet? I am right in the median of this country.
    The typical family doesn't have a child that needs health care that exhausts their deductible.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Insurance for the young could be less than $50 a month

    Quote Originally Posted by Jerry View Post
    And if you're the kind of person who needs that in your plan in order to get yourself checked out, then go buy that kind of plan. As an adult I don't need the trivial things covered, and so I shouldn't have to pay insurance on them.
    It is a good business decision for you and the people in your group. If the services are offered to your group, more people in your insurance group are likely to partake in those services. In turn, the average cost of each individual on the plan is reduced since more serious and catastrophic illnesses can be avoided. This lessens your premiums. It is a win-win for everyone.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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