Medical Insurance

Discussion in 'Homesteading Questions' started by Fire-Man, Dec 18, 2005.

  1. Fire-Man

    Fire-Man Well-Known Member Supporter

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    What do you Homesteaders do about medical insurance? I am talking about the ones of you that are trying to live off the land without working 40 hours. My med. insurance has gone up like 3 times in the last year and I never use it. If it keeps going up---I will have to get a Full time job to keep it. Thanks Randy
     
  2. Ana Bluebird

    Ana Bluebird Well-Known Member Supporter

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    We keep raising the deductible. Can't afford to be sick, of course, but at least maybe if we really had to hospitalized, we'd have SOME help. The only advantage that I see is that because we do have an insurance card, we get a special rate (or mark-off, whatever you call it) because of the fact that we have some kind of insurance. We'd have to pay FULL price without it, even though the insurance doesn't pay anything. Weird arrangement, but that's the way it is. I asked once why they didn't give discounts to people that actually PAID and they said the government would kick them off Medicare if they did---not discounts allowed except for Medicare.
     

  3. Ann-NWIowa

    Ann-NWIowa Well-Known Member Supporter

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    Please do not consider going without health insurance. If you do, one hospitalization could wipe out everything you are working so hard to create. Even with 80/20 coverage a single hospital stay can cost you upwards of $10,000 out of pocket. Its a rip off, but its the system we're stuck with. Better to work off the place and have insurance than to lose it because you don't.

    Its a hard decision, but one I live with daily. I work full time primarily to pay for health insurance and medical expenses not covered by insurance. I'd love to be home but not at the expense of no medical insurance.
     
  4. Alice In TX/MO

    Alice In TX/MO More dharma, less drama. Supporter

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    Reserve National.

    http://www.reservenational.com/

    I used them for insurance for my boys when I first went to work in a public school and the family insurance was too expensive.

    I use them now that I have quit teaching.
     
  5. DJsMom

    DJsMom New Member

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    I'm new and this is my first post here. Let me tell you keep ins. on you and your family.I got sick and was in Hospital for over 25 days and had no Ins. and it wiped out my whole saving of 100,000 and that is no joke. The only thing I can say is that it was well worth it because I'm still around to take care of my two DS. I have no Ins and can not afford to get any because of Med. problems..

    Mindy
     
  6. jeffreyc256

    jeffreyc256 Well-Known Member

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    When I left a major national contractor a few years back i decided to take advantage of our great government's help and sign up for that new COBRA program to keep the health insurance. My monthly payments went to almost 500 per month. Just short of being wiped out from this great gov't plan i happened across ALFA insurance in alabama. They are set up as a farm insurance agency and had a program that at the time required around a 20 buck membership fee into the organization and they had insurance that was about half the cost of the COBRA. I dont know if they support anyone out of state but they might be able to guide you to a similar agency elsewhere. Good luck
     
  7. legacy

    legacy Well-Known Member

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    The premium is presently costing me about $391 per month with a $2,700 deductible. In addition to the premium, I contribute $75 a month toward the savings account, which grows tax free (at a little better rate than you'd get in a money market fund) and which I can withdraw in any amount to pay for medical expenses. So, that's $4,764 annually as insurance to make sure I don't get wiped out financially by a catastrophic illness. I've had this policy four about four years,and it has gone up every year, sometimes twice a year. I'd have to look to see how much it has gone up, but I'm sure it is close to double.

    My policy is thru Golden Rule, which is part of the United Health Group. All I can tell you is to shop around and see what you can find. I haven't done that lately but I suspect I'll not find a good reason to change providers. I also need to see what price difference I can get with higher deductibles with this same policy.

    I could go on and on about the cost of health care, but the short of it is that it is totally out of control--totally--and there are no signs that this trend is going to stop.
     
  8. jeffreyc256

    jeffreyc256 Well-Known Member

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    I am in negotiations for a new job and the company quoted me $360 for the employee portion bor a blue cross policy( I hate blue cross).

    If the truth were known, the company probably don't pay anything but the owners get perks for allowing the insurance to be carried to their employees. I worked with an old insurance salesman once that told me that is how it works. The company officers will be set up as agents and get a commission or get vacations or tv's as incentives for signing an exclusive agreement with the insurance company.

    If everyone purchased their insurance on the open market the prices overall would come down and the service would go up.
     
  9. Beeman

    Beeman Well-Known Member

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    I worked fom my home based business for years before I went and got a "full time job" for benefits, more money benefits and less hours.
    The reality of keeping a place, keeping insurance on you and your place, and possibly building a nest egg so you don't have to sell your place when older is what makes most go get a job. I wonder how many self sufficient people actually become extremely dependent in the long run because of lack of insurance and or money?
     
  10. DAVID In Wisconsin

    DAVID In Wisconsin Well-Known Member

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    I have a major medical policy only. It has a large deductable. I pay about $100.00 per month. I have a $10,000.00 deductable. That's a big deductable but for me it makes better sense than paying anywhere from $500.00 to $1000.00 per month for insurance. And I figure paying that the original $10,000.00 might be tough but the 90 or so thousand after that would be a killer!
     
  11. michiganfarmer

    michiganfarmer Max Supporter

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    that's what I had when I was milking cows untill my wife started working at the hospital. then she carried my on her policy. I paid about the amount you are paying. At least if you get mangled by a machine you can afford the $10,000, and you are covered
     
  12. countrygrrrl

    countrygrrrl PITA

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    I carry my own insurance and pay ~$100/mo. I don't remember the name of the company and that may be moot, as I'm looking at other insurers.

    I do know I took a very high deductible and I pay out of pocket for all doctors' visits --- even though I have a 50% copay. Everyone I know whose insurance has stayed relatively reasonable has done the same: high deductible, pay office visits out of pocket.

    Admittedly, I'm also rather fanatical about refusing to allow them to diagnose me with any of the multitude of disorders they like to label people with. I keep my blood sugar good, my blood pressure low, etc., I wash my hands so I don't get the fly or pneumonia or whatever and I drive like a granny :D so I don't end up in an accident mangled beyond recognition.

    It's the little things like that that do in most people. I purposefully protect my insurance, however, so it will be around should I suffer a true emergency or horrific illness. Knock on wood.
     
  13. greyhound girl

    greyhound girl Well-Known Member

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    I used to have Golden Rule - they raise their rates a lot every year on your birthday. I switched to Anthem/Blue Cross - much better rates. I use a $5000 deductible at $153/month. They base the cost on age and medical conditions.
     
  14. Country Doc

    Country Doc Well-Known Member

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    I have some thoughts on this and will talk about some unpleasant truths. Don't flame me, the messenger.

    1. We all will eventually need medical care with few exceptions.
    2. There are multiple prices at the same doctor or hospital based on your insurance. The companies get a discount. If you do not have insurance, you pay the highest rate generally.
    3. Doctors are all worried about Lawsuits and often will refuse to take a new uninsured patient. Doctors know that uninsured patient often refuse the tests they can't afford. The patient dies, and the family sues.
    4. Consider high deductable insurance at least.
    5. The new bankrupcy laws make it much harder to declare bankrupcy to clear a medical bill.
    6. I think insurance is way too high and generally hate dealing with them as doctor or patient. I don't understand my own policy.
    7. Consider medical savings account with the high detectable coverage.
    8. Eat right, exercise, don't smoke.
    9. Get checkups, lab, paps, mammograms, etc.
    Back to work
     
  15. Alex

    Alex Well-Known Member

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    The cost is $54, 96, or $108 for family of one, two, or three or more per month, Canadian dollars.

    And, if you make less than $20,000 the cost is $0.

    Here is the cost and benefit reference, BC Medical Insurance.

    So, I guess this just won't happen for most of the USA health-poor. Of course I love the USA, but we/she needs to figure out a better way to live and even die, and take care of all of her citizens. So they can all live healthy productive lives without too much worry about medical costs (on top of the worry about medical conditions.)

    So much concern about medical and aging, I guess that's good. I suppose it makes USA focus on the simple fact that "we're all going to die."

    If you all moved up here it would wreck Canada anyway. So, try to fix the flawed USA Medical Insurance systems, so you can stay in the beautiful USA.

    Hope this starts to work out better,

    Alex
     
  16. affenpinschermom

    affenpinschermom Well-Known Member

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    My husband is self employed. We took a $10,000 deductible policy on him. Last year his appendix ruptured and at least we knew that was the most he would pay, however he did get an itemized bill and took it to the administrator stating, "I want to pay my bill, however I know you have charged me higher fees than you accept for medicaid and medicare patients. I do not feel I should have to pay more than you would accept for them. I want to pay only what is fair." The administrator admitted that private pay patients were charged full rate to make up for medicaid and medicare patients. He finally looked at my husband and asked him what he felt was a fair settlement. My husband quoted him a price, which was half of what the bill was and they accepted it. My husband promptly paid him.
    I know this would not work in all cases, but I worked in the medical field, hospital bills can be negotiated. Don't ever pay them without trying. Most private pay bills never get paid, so they are just grateful when you pay at all.
     
  17. mzzlisa

    mzzlisa Well-Known Member

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    Huh?

    I don't know where this "old insurance agent" got his information, but any insurance company caught doing this would not be an insurance company for very much longer.
     
  18. Country Doc

    Country Doc Well-Known Member

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    You are correct about trying to get the hospital to work with you on the bill. Medicaid pays us 20% of our charge we also lose money on medicare which is close to but slightly under our cost. I have heard one proposal to just allow everybody on medicare. I would have to close my office as would most docs. I see the medicaid children and medicare as a form of charity. Every now and then a medicaid or medicare patient will get mad over something and threaten to go elsewhere. They don't realize we hope they do.
     
  19. birdie_poo

    birdie_poo Well-Known Member

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    It's true that doctors get perks, too for not advising on medical choices. Blue cross/shield is one of those companies that give favors to doctors who do not perform test to see if problems patients have are physical over psychological.

    Most doctors try to bluff their way around things by telling thepatient everything is ok and putting them off on repeat complaints...mostly until it's too late or they seek a 2nd opinion.

    I had to threaten legal action just to have my daughter tested for late night enurisis. He wanted her to see a shrink (because @ 4 kids are sooo messed up). I demamded she be tested. Even though there was a reflux from her kidnye to her bladder and her kidneys were not uniform in size he said it was a fluke and had nothing to do with her problem. I ended up takingher to a specialist who said I should have sued for malpractice.

    Thing about insurance...you probably wont need it until you don't have it.
     
  20. kountrycritters

    kountrycritters Active Member

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    my dh is a accident only plan for $121 no ded & no co-pay
    cover in & out of hospital. we used it for the first time in 2 yrs last saturday when he cut his leg and needed stitches.
    we see how good the insurance is. the plan is nase national association self employed and the insurance co is mega insurance. the nase group also has benifits for running your own business like tax help advice and discounts on services like hotel and rental cars. members also are eligleble for scholarship programs awarded to the members each year.

    nase.com