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  #1  
Old 03-18-2004, 08:02 PM
bobbygedd bobbygedd is offline
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Join Date: Nov 2000
Location: NJ
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is health insurence a waste of money?

i'm sitting here, doing a little math. last year i was employed, and had to contribute half to my health care. this year, i'm paying my own. the total spent between last year and this year, is $7500. sure, we had a few minor trips to the doctor, a few prescriptions, but i think that if i paid those out of pocket, i'd be ahead by about $7000. so, barring a major emergency, what's the point in having coverage?
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Old 03-18-2004, 08:11 PM
specialtylc specialtylc is offline
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Health insurance IS A WASTE of money if you are healthy. But its worth alot when you have a major illness. Same as your business insurance .
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Old 03-18-2004, 08:13 PM
timinkc timinkc is offline
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Join Date: Mar 2004
Location: kansas city, MO
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are you single?
either way, you should know that a minor healthcare problem can become very expensive very quickly!
i personaly would never go with out it...to much of a risk.
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  #4  
Old 03-18-2004, 08:14 PM
lawnman_scott lawnman_scott is offline
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What about something that just covers major things? At least it wont barkrupt you. Just to protect your money, house and business.
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  #5  
Old 03-18-2004, 08:16 PM
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xcopterdoc xcopterdoc is offline
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Location: Parkton NC
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Well.. I guess thats why they call it "Insurance". Both you and the carrier hope you never have to use it, but if yo udo use it, you are covered. My wife is a certified medical insurance billing person. If a medical place is a provider for XX insurance company, they will only get paid a set amount per services provided. The rest is written off. But if you walk in without insurance, you will be billed or have to pay up front, the full amount. And if you get seriously hurt, it can add up quick!
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  #6  
Old 03-18-2004, 08:18 PM
bobbygedd bobbygedd is offline
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scott, does such coverage exsist? cus i'm tellin u the truth, i actually considered dropping it for a few months, it went up to $980, on march first
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  #7  
Old 03-18-2004, 08:20 PM
timinkc timinkc is offline
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look into "major medical" insurance
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  #8  
Old 03-18-2004, 08:40 PM
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Tharrell Tharrell is offline
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Location: Mount Airy, NC aka Mayberry
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Isn't it deductable?
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  #9  
Old 03-18-2004, 08:42 PM
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lawnwizards lawnwizards is offline
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Location: catlettsburg, kentucky
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aetna has a catastrophe plan that only covers if you get above a certain figure. its real cheap. my wife's company offered it. i think it would be good if you are a healthy person.
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  #10  
Old 03-18-2004, 08:43 PM
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Kelly's Landscaping Kelly's Landscaping is offline
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Location: Milford CT
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They wouldn't stay in business if people used it yes many do but most don't and they know for a fact you will not need it based on their charts.

Is it a rip off at age 33 for myself it is no way I will buy it when I am around 50 then perhaps major medical only. But ill happily pay and small medical fees out of pocket. Its like dental insurance the costs are nearly as much if not more then you would spend in a year if you had several fillings no thank you ill pay my own way. Two years ago I spent 1600 on dental it was the first time I spent anything in 5 years or more I don't need a degree to see that 300 or so a year is a hell of a lot less then I would be paying to have the insurance.

Health insurance is the same way I may have spent 500 dollars in the last 15 years on doctor fees.
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