General Discussion

dflprincess

(29,307 posts)

52. Current law alllows the deductibles in these plans to be just over $6000 annually (single coverage)

Thu Aug 29, 2013, 10:12 PM

Aug 2013

this amount can go up annually. And the deductible doubles for family coverage.

The same law allows people to only put about $3000 (maybe a bit more) into a pretax HSA every year. A person with a chronic condition is probably not going to be able to amass much of a savings account - and if all you can afford is a high deductible plan, can you afford to stash $3,000+ away every year?

The other thing with HSAs is that once you have 3 or 4 thousand in them you can "invest" it in a 401K like account. Leading me to believe that the whole thing is just another scam cooked up by Wall Street --- just hope the market is up when you need that bypass surgery.

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High deductible heath plans maim and kill people [View all] eridani Aug 2013 OP

Anything misused can maim and kill people customerserviceguy Aug 2013 #1

Car accident in Nov., appendicitis in Feb Lars39 Aug 2013 #2

The premiums are so dramatically lower than the premiums on standard plans Ms. Toad Aug 2013 #4

People aren't going to bank the difference. CANDO Aug 2013 #7

So you would pay Ms. Toad Aug 2013 #8

It all depends on the plans offered and the comparative details. CANDO Aug 2013 #15

My numbers come from both direct shopping Ms. Toad Aug 2013 #36

Many won't bank the difference customerserviceguy Aug 2013 #72

I had an $8,000 deductible. Out $16,000+. Went bankrupt. Lars39 Aug 2013 #11

It actually doesn't Ms. Toad Aug 2013 #14

Aren't the HSA's supposed to be used yearly? CANDO Aug 2013 #6

FSAs are annual. Ms. Toad Aug 2013 #10

Exactly customerserviceguy Aug 2013 #70

Placing bets on whether or not serious health care expenses will fuck you over-- eridani Aug 2013 #17

So, someone who has used an HSA customerserviceguy Aug 2013 #71

If they win, someone else loses eridani Sep 2013 #76

Again, there you go customerserviceguy Sep 2013 #79

Yes--I want to take it to put it into the general pool which would fund health care for ALL eridani Sep 2013 #81

At least you admitted it customerserviceguy Sep 2013 #92

I want to take your money to build roads and schools too eridani Sep 2013 #94

Current law alllows the deductibles in these plans to be just over $6000 annually (single coverage) dflprincess Aug 2013 #52

It all sounds so confusing Art_from_Ark Aug 2013 #66

I don't know what the deductibles are for every plan customerserviceguy Aug 2013 #74

K&R - and bookmarked jpak Aug 2013 #3

That's why I prefer HMO, so all the costs are fixed and usually lower than PPO cbdo2007 Aug 2013 #5

Not the ones I'm familiar with. Ms. Toad Aug 2013 #9

I have a high deductible insurance plan penultimate Aug 2013 #12

Pray you don't get sick toward the end of the year. CANDO Aug 2013 #16

Yeah, that would suck... penultimate Aug 2013 #21

Can you explain more? BlueCheese Aug 2013 #29

Yeah, the plan waives the deductible for office visits. penultimate Aug 2013 #30

I was paying $650/mo for a $5,000 deductible leftyladyfrommo Aug 2013 #13

I have a high deductible plan with a health savings account...I love it. DisgustipatedinCA Aug 2013 #18

I hope you 85% folks realize what you are doing here eridani Aug 2013 #19

"You are colluding in bankruptcy and murder..." Quantess Aug 2013 #20

Right. Just fuck expensively sick people eridani Aug 2013 #23

Single payer is the best way to go. Quantess Aug 2013 #25

There may be a single payer activist group in your state eridani Aug 2013 #26

The 85% who pay insurance premiums that will mostly cover OTHER people are colluding pnwmom Aug 2013 #35

What the 85% are doing is mostly making insurance companies rich eridani Aug 2013 #37

Are you aware that medical bankruptcies are sharply down since Romneycare was enacted pnwmom Aug 2013 #38

59% to 50% is not "sharply down" to sane people eridani Aug 2013 #39

Your article was from 6 years ago -- 2007 was the year Romneycare PASSED. pnwmom Aug 2013 #40

Is 2012 recent enough for you? eridani Aug 2013 #42

The problem with that study and others is that medical costs are usually only a part pnwmom Aug 2013 #44

You'e kidding, right? Of course there is a "medical care plan eridani Aug 2013 #46

You don't get it. If you lose your job you can STILL go bankrupt even if you have Medicare. pnwmom Aug 2013 #48

Then it won't be a health care bankruptcy, will it eridani Aug 2013 #49

Most health care bankruptcies are from a combination of factors, pnwmom Aug 2013 #50

Single payer solves the second problem, right? n/t eridani Aug 2013 #51

IF, medical insurance was not tied to employment ... slipslidingaway Aug 2013 #56

But unemployment is also tied to bankruptcies, obviously. pnwmom Aug 2013 #57

But, should you need to be employed to have access to HC ... slipslidingaway Aug 2013 #59

No you shouldn't. And under Obamacare you will be able to get Medicaid pnwmom Aug 2013 #61

Only if you live in a state accepting Medicaid money and agreeing to the expansion eridani Aug 2013 #62

It's not the Democrats' fault that some Repub governors are evil. pnwmom Aug 2013 #65

What happens when you sign up and your circumstances change? eridani Aug 2013 #68

Then you re-sign up. I'm sure you're not the first person who thought of that question -- it's pnwmom Aug 2013 #69

Once you are on Medicare, you STAY on Medicare. Your eligibility doesn't change eridani Sep 2013 #83

Yes, I would prefer Medicare! But the ACA is what we have now, pnwmom Sep 2013 #85

Yes--let's give that ACA provision for state single payer a chance. eridani Sep 2013 #86

Are there any groups pushing for that in Washington? I'd be happy to support them. n/t pnwmom Sep 2013 #87

Yes, there are eridani Sep 2013 #88

Thanks! Maybe you should try to get the word out about the work being done by these orgs pnwmom Sep 2013 #89

This whole argument of "let's just wait and see how the exchanges work" eridani Sep 2013 #90

If this fails that will be the end of any more experiments for decades. Forget single payer. pnwmom Sep 2013 #91

Agreed. If other states get on board with single payer, the chances of it spreading improve n/t eridani Sep 2013 #93

Yep. hunter Aug 2013 #45

Sometimes the choice is between a HDHP and not affording coverage at all. Lex Aug 2013 #22

It's "coverage" only if you are in the lucky 85% eridani Aug 2013 #24

I'm not following you with that penultimate Aug 2013 #31

Please re-read post #11 eridani Aug 2013 #32

Well, first a chronic illness or accident eats away your net worth... hunter Aug 2013 #47

^^^^^ n/t slipslidingaway Aug 2013 #54

. libodem Aug 2013 #27

touted as "getting the incentives right", they in fact get the incentives all wrong. unblock Aug 2013 #28

very very good post Supersedeas Aug 2013 #41

Living the dream right now FreeJoe Aug 2013 #33

^^this^^ n/t eridani Aug 2013 #34

this is exactly what i was talking about in post #28. unblock Aug 2013 #43

Yet the high deductible plan saved you 1,000. Travis_0004 Aug 2013 #53

No, they aren't for everybody. They are a bonus point system for the healthy and eridani Aug 2013 #64

Shouldn't I pay less? Travis_0004 Aug 2013 #67

You've framed the decision incorrectly customerserviceguy Aug 2013 #75

Like to take a guess as to what the average monthly malpractice premium is in-- eridani Sep 2013 #77

Oh, I know it's a pittance compared to what they pay here customerserviceguy Sep 2013 #78

The way they handle the issue is to give EVERYONE health care as a human right eridani Sep 2013 #80

I really want to know when the Dems will Allow an open discussion ... slipslidingaway Aug 2013 #55

At the national level, never eridani Aug 2013 #63

And so do policies with annual and lifetime limits, pnwmom Aug 2013 #58

Oh BS, thankfully we did not have a lifetime limit on our policy and ... slipslidingaway Aug 2013 #60

That's what our healthcare system does. It's a heinous system. nt Zorra Aug 2013 #73

It is a simple continuation of the Class War against poor people. Trillo Sep 2013 #82

Bronze Plan leads to a Pine Box. kenny blankenship Sep 2013 #84