Quote:
Originally Posted by CFrance
What is the cost for other states? And what is the cost for pre-existing condition insurance? Before Affordable Health Care Act, I was paying $368 in Michigan for a policy with a $7000 (yes, $7000) deductible due to a pre-existing condition. For a $2000 deductible, the cost would have been close to $1000.
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Had you gone with the 2000 deductible instead of the 7000 deductible it would put the insurance company at risk for 5000/yr. And to cover you for that 5K they are charging you an additional how much? Using 950 as your "close to 1000" it would be 950 - 368 or 582 more dollars per month times 12 months for a bill of 6984 dollars to cover 5000 in risk. Of course some years you might not have 7000 in charges so the real risk is even lower than 5000. I'd love to own a business where you pay me 6984 and then I might have to give you 5000 maximum if things go badly for you.