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Still don't have $10k laying around.....
By:  Glenn (Mini-Admins; 16990)
Posted on: 12-21-2009 21:39.
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If I did I would go that route. Most working families don't have this either. When I worked for a hospital insurance was $250 a month for a family (including dental and vision)!


    Bean launched a war by saying:
    But you're not actually risking much, if anything at all. Running through a few examples.

    Worst case, let's say on the first month of a year something bad happens and you get a $25k bill.

    Your existing plan:
    You've paid $800 on your premium, you pay $2500 for the deductible, the insurance pays the rest, and you continue to pay your premiums for the next 11 months at $800 per month. You've paid $12,100 for the year.

    The plan Tenneck has outlined:
    You've paid $150 on your premium, you pay $10k for the deductible, the insurance covers the rest, and you continue to pay your premiums for the next 11 months at $150 per month. Your total for the year is $11,800.

    What if your total medical bills for the year come to $5000?

    Option 1.
    You pay $9600 in premiums, and $2500 in deductible for a total of $12,100.

    Option 2.
    You pay $1800 in premiums and $5000 on the deductible for a total of $6800.

    What if your medical bills for the year are just $1000?

    Option 1.
    You pay $9600 in premiums and $1000 on the deductible for a total of $10,600.

    Option 2.
    You pay $1800 in premiums and $1000 on the deductible for a total of $2800.