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Old 05-15-2012, 08:52 PM   #21
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Fair enough. We probably agree on most things and are looking at different aspects of current regulation. Individual policies are less expensive, but because underwriting and pre-existing conditions exclude so many that need insurance coverage. Individual policies can be cancelled as long as its the policy and not the individual. This has happened to me (we discussed this previously) so it is a reality.

The key (IMHO) is that group coverage is mandated in all states while individual coverage is not. As long as you are a member of the group you cannot be denied coverage, while individuals are routinely denied coverage. Once you have group coverage COBRA regulations assure you can convert that into individual coverage, bu each state defines how,

The OP expressed concerns about accessibility, recession and coverage limits. My take would be that group coverage could be more expensive than individual but would address those concerns more effectively.
I certainly agree that I would have preferred to stay on my group plan. However the cost difference was too much to ignore for me (500 a month 1000 deduct. vs. 72 a month and 5500 deduct. plus HSA tax break). If the group plan had been closer to 300 a month, I would stayed on the plan and ate the $ difference.
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Old 05-16-2012, 12:11 AM   #22
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Seattle, I have found Dgoldenz to be very knowledgable and helpful in this area. I don't believe the comments have mentioned this, but if you are going the individual route, I would get on it ASAP and avoid the COBRA, as if you developed a health problem while on COBRA you may find the individual market very unwelcoming. States are all over the map in terms of pricing if you aren't married to your present location. I personally wouldn't want to move just for health insurance reasons but my premium in my state is a fraction of yours. I pay $72 a month for a $5500 deductible HSA plan. I have no health problems ( at least what I am aware of) and 48 years old. The premium has basically been unchanged in the almost 2 years I have had it.
Wow! $72 a month for a $5500 deductible HSA? That is amazing. I was planning to use COBRA for 18 months and then slip into an HSA and I was budgeting for $600+ per month for my wife and I. She has zero health problems and I think my BP will go away with the job. But $72 a month is amazing.

Thanks for the tip.


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Old 05-16-2012, 01:42 AM   #23
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This is correct. And I am afraid we already know what the SC will decide, don't we ?
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The Supreme Court is not reviewing the entire law. It is reviewing the individual mandate and a Medicare expansion. It is also considering the argument that the absence of these should invalidate the remaining provisions.
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Old 05-16-2012, 01:46 AM   #24
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Did you check here ? Health Insurance - Find Affordable Health Insurance Plans and Buy Medical Coverage Online
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Any and all advice would be greatly appreciated

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Old 05-16-2012, 11:08 AM   #25
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This is correct. And I am afraid we already know what the SC will decide, don't we ?
We do? I wouldn't put much stock in the media reports, they're prone to hype suspense...but you may well know more than I do (happens all the time).
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Old 05-16-2012, 12:32 PM   #26
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We do? I wouldn't put much stock in the media reports, they're prone to hype suspense...but you may well know more than I do (happens all the time).
I don't have a clue either, but I bet there will be lots of surprises.
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Old 05-16-2012, 12:35 PM   #27
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I don't have a clue either, but I bet there will be lots of surprises.
And many of the people circling July 2012 on their calendars as a hoped-for retirement date wait on pins and needles...
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