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Old 08-19-2013, 09:29 PM   #21
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My wife and I will want insurance in 2014, but not a $1000 a month. I'm hoping I can buy a high deductible plan late this year, as we should have no penalty due to the fact the exchange premiums should be above 8% of 2014 income. UHC has a high ded. policy for $339 that would suffice for next year. I used a 10/18 start date (60 days out). I just don't know how long it will be available.
We are currently with Humana in the Tampa Bay area and they are offering to take our policy through 2014. Don't know if the option applies to new policyholders or whether Humana is a choice in your area. I have a very good broker if you want to have him investigate. You can PM me if you are interested.
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Old 08-19-2013, 11:20 PM   #22
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I think you would have to be on smack to trust this nonsense.
While I might not have quite that turn of phrase, after reading the disclaimers that brewer cites to, the phrase that comes to my mind is penny wise, pound foolish. I certainly understand the desire to save money on insurance, I question highly that not having insurance is the way to go. The voluntary nature of Medi-share wouldn't leave me feeling very confident. What if you have some serious health event that costs huge amounts of money? You have no guarantee it would be paid since payment is apparently voluntary.

Also, do you get physician and hospital discounts with Medi-share. With the PPO I use, discounts are often as much as 90% off the published rates. If you don't get discounts with Medi-share even minor events can end up costing thousands. Now, maybe you do get discounts with it some places (I don't know) but that is definitely something to look into.
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Old 08-20-2013, 02:18 AM   #23
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The voluntary nature of Medi-share wouldn't leave me feeling very confident. What if you have some serious health event that costs huge amounts of money? You have no guarantee it would be paid since payment is apparently voluntary.
Right. And that is when you absolutely need help paying the bills. Or what if a half dozen people in the group come down with terminal cancer one year and each voluntary member owes $50,000 to fund their share of the treatment? Are all the volunteers going to pay then? In my experience, people's good will only goes so far when a significant amount of money is concerned.
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Old 08-20-2013, 11:55 AM   #24
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Thank you all for you input. Early retirement is scary enough without the uncertainty of healthcare costs.
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