Comments on: What Every Young Person Ought to Know About Healthcare

By: Joey

Joey — Thu, 28 Oct 2010 08:45:00 +0000

Getting a free quote online is like window shopping-buy a health plan before being absolutely sure about what the policy offers. Do a complete market research and then buy a policy.

By: Adam

Adam — Fri, 06 Nov 2009 15:37:54 +0000

Young people’s premiums will skyrocket under healthcare “reform”. The goal of the mandate is to force the young to pay a wildly disproportionate share of the costs to subsidize the old and/or sick, relative to what they use. This is primarily because the ratio between what the old vs what the young pay will be restricted to 3-1, or 2-1. On top of that, high deductible/low premium plans will be legislatively outlawed because of minimum benefit requirements. For someone young and healthy, it will be like asking him/her to pay insurance on a BMW or Lexus when that person actually drives a Ford Escort. If my premiums are too high, I’ll opt out and pay the fine. If the fine is too high, I’ll make it my goal to utilize as many healthcare resources as possible, even if not medically necessary as I refuse to throw away large sums of money on a monthly basis and get very little in return. (*Also, The Washington Post estimate of the least expensive plan being $100 a month is pure fantasy. In actuality, the monthly premium will be significantly higher.)

By: KH

KH — Tue, 06 Oct 2009 21:53:00 +0000

In my 9 years of being employed after college, I’ve seen my employer-sponsored health care go from free (I had no monthly cost passed on to me from my employer and no copayment for anything!) to a monthly cost PLUS needing to satisfy a $2500 deductible before insurance covers anything. If my husband and I had children, we’d be paying $500 a month for insurace, BEFORE satisfying a hefty deductible upwards of $3,000. I understand that it seems “unfair” to make young people purchase health care coverage, but instead the costs keep rising (because of many reasons that I can’t even go into here.) I assume one of those reasons is that those of us who are insured are paying for the uninsured who are having medical emergencies. What’s fair about that?

By: calshana

calshana — Tue, 06 Oct 2009 02:19:39 +0000

Please note that depending on the type of health plan offered (fully insured vs. self-insured), the plan may be exempt from following state rules. So even though the dependent age requirement might be 26 in Colorado, if your parent’s plan is self-insured, it most likely won’t follow the state rules.

By: Health Insurance Providers

Health Insurance Providers — Mon, 05 Oct 2009 19:40:55 +0000

“Our incomes are low, so we can’t afford even the least expensive policies.”

That may be true for some but many people are surprised to find out that policies for those under the age of 30 are usually very very cheap – especially if one is healthy and is willing to purchase a plan with a high deductible.

Many plans are available from top rated companies like United Healthcare, Aetna, Blue Cross, etc for as low as $50/month in most states.

The lower your income is then the more important having major medical health insurance is because even a semi large bill like a $35,000 bill for a broken bone without health insurance can can bankruptcy. However, with a solid health insurance plan all you have to pay out of even a million dollar bill is likely to be in the $5,000 range.