How much do you believe in Insurance?

[Bike N Gear]

The discussion in the Retirement thread got me thinking about insurance. I checked the budget my wife did for the Financial Advisor.

Between medical, dental, vision, disability, life, auto, homeowners.....we spend $20k per year on insurance. I think it's nuts. Wife likes to be prepared for the "what if" scenario. Makes her great at her job, but a pain to deal with.

 

[roc]

The discussion in the Retirement thread got me thinking about insurance. I checked the budget my wife did for the Financial Advisor.

Between medical, dental, vision, disability, life, auto, homeowners.....we spend $20k per year on insurance. I think it's nuts. Wife likes to be prepared for the "what if" scenario. Makes her great at her job, but a pain to deal with.

I’m over 20k, with just health insurance, without dental and vision, for my family. I’d say you are doing pretty good there.

 

[rick81721]

The discussion in the Retirement thread got me thinking about insurance. I checked the budget my wife did for the Financial Advisor.

Between medical, dental, vision, disability, life, auto, homeowners.....we spend $20k per year on insurance. I think it's nuts. Wife likes to be prepared for the "what if" scenario. Makes her great at her job, but a pain to deal with.

Out of curiosity I calculated ours - almost the exact same number. And we are paying nothing for life and disability. Basically the cost of living in high insurance cost states like NJ and FL.

 

[Bike N Gear]

Well, I guess that makes me feel better?

 

[A Potted Plant]

Insurance family of 4 Dental, vision, PPO =13k.

I don't get why people think this is acceptable

 

[roc]

Insurance family of 4 Dental, vision, PPO =13k.

I don't get why people think this is acceptable

That’s a pretty good rate, what’s your ins co? I don’t think it’s acceptable, but what are the options?

 

[rick81721]

Insurance family of 4 Dental, vision, PPO =13k.

I don't get why people think this is acceptable

Thanks Obama

 

[roc]

Thanks Obama

how do you figure? I paid more for insurance in the Obama years than I do now. I was paying about 3k a month for a family of 4. Now it’s down to “only” $2200/month!

 

[A Potted Plant]

That’s a pretty good rate, what’s your ins co? I don’t think it’s acceptable, but what are the options?

Aetna from my wife's job, there are alternatives and working examples but I don't want to scope creep unless OP does.

 

[roc]

Aetna from my wife's job, there are alternatives and working examples but I don't want to scope creep unless OP does.

Maybe the 13k is your portion? The job pays some?

 

[rick81721]

how do you figure? I paid more for insurance in the Obama years than I do now. I was paying about 3k a month for a family of 4. Now it’s down to “only” $2200/month!

Obamacare did nothing to reduce the cost of health insurance - kept going up. Did increase access tho.

 

[Cassinonorth]

Obamacare did nothing to reduce the cost of health insurance - kept going up. Did increase access tho.

It's awesome that we repealed and replaced it 4 years ago.

 

[rick81721]

It's awesome that we repealed and replaced it 4 years ago.

Roc's lower cost - thanks Trump!

 

[Mahnken]

We have a failing healthcare system, and the root of the problem is the terrible health of our population. Until the government/healthcare industry starts to focus on that instead of putting bandaids on the symptoms, costs will just keep going up. Doesn't matter who's in the white house.

 

[A Potted Plant]

Maybe the 13k is your portion? The job pays some?

That's correct I have no idea what their portion is rather just get taxed for it

 

[rick81721]

That's correct I have no idea what their portion is rather just get taxed for it

Easy to find out - look at your latest W2. Box 12, DD is the total cost of your insurance. Subtract what you pay.

 

[A Potted Plant]

We have a failing healthcare system, and the root of the problem is the terrible health of our population. Until the government/healthcare industry starts to focus on that instead of putting bandaids on the symptoms, costs will just keep going up. Doesn't matter who's in the white house.

Excuse me, how profitable would curing things be, repeat customer vs one time customer? If you want that we need public hospitals to have a larger footprint where care is the focus and not profit.

 

[one piece crank]

Insurance isn't to benefit you, it is strictly run for profit.

Healcare system costs? That's an entirely different discussion...

 

[Mahnken]

Excuse me, how profitable would curing things be, repeat customer vs one time customer? If you want that we need public hospitals to have a larger footprint where care is the focus and not profit.

What a concept

 

[Patrick]

check out how much of the premiums goes to the legal system and settlements.
and healthcare and insurance are both for-profit industries.