View Poll Results: How much should a person pay for Health Insurance to protect $5,000 in assets?

Voters
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  • $1-$99 per month

    8 47.06%
  • $100-$199 per month

    2 11.76%
  • $200-$299 per month

    0 0%
  • $300-$499 per month

    0 0%
  • $500 or more (whatever the cost they should buy it.)

    0 0%
  • $0 No financial planner would recommend insuring $5,000

    7 41.18%
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Thread: Health Insurance

  1. #31
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    Re: Health Insurance

    Quote Originally Posted by Verax View Post
    What kind of witchcraft is this? You quoted me from another thread and pasted it into this one...
    It's a recruiting technique. I'm not sure what to call it yet. I have to agree that it's a pretty fancy trick.

  2. #32
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    Re: Health Insurance

    Insurance for the purpose of protecting your assets by way of not going into debt over medical bills is just one tiny and barely relevant aspect of why everyone needs Health Insurance.

    Without Health insurance you can not get proper treatment. You get almost zero preventative care. And the chances of you going to the doctor for regular check ups is slim to none.
    Additionally, even when you have plenty of cash it can be extremely difficult to get a Doctor to even accept or see you at all if you do not have Insurance.

    People who think that the emergency room handles the needs of the uninsured are simply living a very sheltered life within a bubble.

  3. #33
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    Re: Health Insurance

    Quote Originally Posted by vasuderatorrent View Post
    Which option did you choose?
    The second.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #34
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    Re: Health Insurance

    Quote Originally Posted by Painter View Post
    Without Health insurance you can not get proper treatment. You get almost zero preventative care. And the chances of you going to the doctor for regular check ups is slim to none.
    Additionally, even when you have plenty of cash it can be extremely difficult to get a Doctor to even accept or see you at all if you do not have Insurance.
    Shouldn't they call it pre-paid medical instead of insurance? There is no other insurance product that operates under this logic.

    Would you consider an insurance policy with a $25,000 deductible with 100% co-pays for doctor visits to be health insurance? By your logic I would conclude no.

  5. #35
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    Re: Health Insurance

    Quote Originally Posted by vasuderatorrent View Post
    Which option did you choose?
    The first option, but the actual figure would have to be much, much closer to 1 than 99.

  6. #36
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    Re: Health Insurance

    Quote Originally Posted by vasuderatorrent View Post
    What if the person has already filed bankruptcy multiple times throughout their life? Does that change the equation any?
    If you can't afford the medical bills, your credit is screwed whether or not you file for bankruptcy.

  7. #37
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    Re: Health Insurance

    Quote Originally Posted by Painter View Post
    Insurance for the purpose of protecting your assets by way of not going into debt over medical bills is just one tiny and barely relevant aspect of why everyone needs Health Insurance.

    Without Health insurance you can not get proper treatment. You get almost zero preventative care. And the chances of you going to the doctor for regular check ups is slim to none.
    Additionally, even when you have plenty of cash it can be extremely difficult to get a Doctor to even accept or see you at all if you do not have Insurance.

    People who think that the emergency room handles the needs of the uninsured are simply living a very sheltered life within a bubble.
    That was my point as well. Medical Insurance does not work like some umbrella policy to protect your assets, its more like buying a service plan for yourself.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  8. #38
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    Re: Health Insurance

    Quote Originally Posted by vasuderatorrent View Post
    This changes the dynamic completely. How much money should a person pay to insure $0 in assets? Perhaps I will make another poll that adds a $6,000 deductible to the scenario I just described. I guess I was being simplistic and unrealistic by implying a $0 deductible.

    What was I thinking?
    You are thinking like many young people who want to game the system and place their faith in the Govt. to pay their HC cost in case of emergency. It is only natural but it is getting to be quite expensive for the rest of us. Perhaps we should call their bluff and require everyone to pay their own way. What do you think?

  9. #39
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    Re: Health Insurance

    Quote Originally Posted by Taylor View Post
    If you can't afford the medical bills, your credit is screwed whether or not you file for bankruptcy.
    If you get an one million dollar medical bill and the insurance company pays 80%, then you are screwed.

  10. #40
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    Re: Health Insurance

    Quote Originally Posted by iguanaman View Post
    Perhaps we should call their bluff and require everyone to pay their own way. What do you think?
    I don't see a problem with that. Everybody pays for their own shampoo. We could just mimick the laws for the shampoo industry to mirror the laws for the medical industry.

    I don't believe this has even been considered. It sounds genuis. Then individuals could sort out their own situation without encountering the unjustified arrogant belittling from people like you.

    I didn't make the laws. I just benefit from them. Is that really so hard to understand? Please redirect your condescending attitude toward your nearest politician and get out of my face. I didn't make the laws.
    Last edited by vasuderatorrent; 01-05-14 at 01:42 AM.

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