savings by NOT HAVING health insurence

Discussion in 'General Industry Discussions' started by bobbygedd, Jan 25, 2006.

  1. bobbygedd

    bobbygedd LawnSite Fanatic
    from NJ
    Posts: 10,178

    i dropped my health coverage in april of 2005. i was paying, roughly, $1100 per month. if i would have continued to pay, i would have spent over $11,000 in the past 10 months. instead, i have covered medical expenses out of pocket. i have spent about $3,000 out of pocket. A SAVINGS OF about $8,000 so far. insurence isn't as important, as timing. insurence is a scam. thank you
     
  2. K.Carothers

    K.Carothers LawnSite Bronze Member
    Posts: 1,124

    Savings if nothing happens = 13,200/yr
    If something major happens= loss of everything you own.

    You decide?

    kc
     
  3. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Posts: 3,503

    Its a dang if you do and dang if you dont in my book, So many people now have a heart catherdadation (sp) and that would be enought to sink most people for the rest of your life, not to mention any major illness.

    wayne
     
  4. ALarsh

    ALarsh LawnSite Silver Member
    from Midwest
    Posts: 2,412

    Insurance is not meant for little doctor visits for colds. Insurance is really supposed to be used when you go in to the ER after having a stroke and the bill is $100,000.

    This is not the first time you have posted your money savings, so before I have gone to my uncle (VP of a large wisconsin insurance co.) and told him about your savings. He said, "Hes gonna be paying for the rest of his life if something major happens."
     
  5. bobbygedd

    bobbygedd LawnSite Fanatic
    from NJ
    Posts: 10,178

    if, if, if, if. do you have airplane insurence? what IF an airplane crashes on your roof? lots of "IF's". i'm not talking "if's", i'm talking rock hard numbers. no if's, no maybe's, just rock hard numbers. i'll gice you an "if". ok, IF you went with no insurence at all, i mean health, auto, liability, none at all, from the time you were 20 thru 35, and instead invested those premiums in ira's, you'd retire a millionair. alot of if's, but if's don't mean anything. i'm 40 something, to date i've spent well over $150,000 on various types of insurences. to date, if i DIDN'T have those insurences, i'd have AT LEAST $135,000 of that money still in my hand. no "if's", just facts
     
  6. MMLawn

    MMLawn LawnSite Gold Member
    Posts: 3,569

    What wrong Geddy, you running out of TROLLS? Because you posted this EXACT SAME POST on here about 6 months ago.
     
  7. Jason Rose

    Jason Rose LawnSite Fanatic
    Posts: 5,858

    Welcome back!

    I don't know, I was in the same boat as you for a few years. I was healthy and had never made a claim. Granted I wasn't paying what you are (ouch) but it still was a bite out of my account for something I saw no benifit of.
    I contemplated cancelling all together a few times! Finally I just searched around and found a good provider that was less money and went that route.

    A few years, and a lot of pain later I was diagnosed with Rhumetiod Arthritis. Went thru a progression of treatments starting cheap and worked my way up till we found something that works. The cost of it is around $2,600 every 8 weeks for the treatment!!! No way could I have afforded any treatment without insurance.

    The other thing, is that now that I have a life long incureable disease I'm uninsurable! If I didn't have insurance and was diagnosed I would have never been able to get it with any provider. You can't change your mind and decide to get insurance once you are already sick or injured... Better to just maintain what you have.
     
  8. bobbygedd

    bobbygedd LawnSite Fanatic
    from NJ
    Posts: 10,178

    no, but the number keeps going up up up
     
  9. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Posts: 3,503

    And he didnt even say he was glad to be back or he missed us, seems he came back in a bad mood too :nono:

    wayne
     
  10. K.Carothers

    K.Carothers LawnSite Bronze Member
    Posts: 1,124

    OK Bobby, I changed the ifs.

    Savings when nothing happens = 13,200/yr
    when something major happens= loss of everything you own.


    It's still the same. It's a game of chance. Are you willing to risk your family?

    You decide?

    kc
     

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