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Old 01-24-2019, 12:33 PM   #62 (permalink)
JSH
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[QUOTE=Isaac Zackary;589423]That's $15K a year if you don't ever have to go to the doctor. If you do then you have to pay up to that out-of-pocket expenses. So add $13K to $15K and your health care could cost upwards of $28K a year.

Yes and no. Most preventative visits are covered 100% before deductible. That came out of the ACA. So things like yearly physicals for my wife and I and her yearly gynecological visit are covered 100% by the insurance company. Last year we paid a total of $55 for medical costs. Beyond the preventative visits, I pay 100% up to my $5000 deductible. After I hit my deductible, the insurance company pays 100%. That is how it works for each family member, but the maximum we can pay is $13,300. (The $13,300 is the maximum allowed by Federal law, also from the ACA)

How it works out for us is most years we pay almost nothing (less than $500) and about once a decade we pay the max. We have money to cover paying the max-out-of pocket in our emergency fund. (6 months expenses)

Quote:
Originally Posted by Isaac Zackary View Post
Plus the older you get the higher the premiums are. My parents have to pay about double what I do for the same plan.
Iím well aware of that. The ACA used to only allow companies to charge up to 300% more based on age. The recent changes bumped that to 500%. We are looking at 20 years paying out of pocket for insurance. With no certainty with the current system and no hope for a fix, we will need to move out of the USA.
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