J
John Q Public
Guest
My wife and I are both pathological savers - we've made some pretty good progress towards putting together a base of assets to fund early retirement. We're hoping to have a couple of kids first - so we aren't really in a hurry - but the idea appeals to us.
Here's my biggest concern about doing this.
We both have a family history of diabetes - and were significantly overweight for most of our twenties. We have made some good progress in that department over the past year and a half - but there is a high risk that one of us will get type II diabetes prior to age 55.
We're working on the obvious solution to this - we've both lost a lot of weight since we met and are still on our diet. Exercise has become a regular part of our life. We've put together a pretty good preventative plan using some studies. That side is WELL under control.
However, I've heard that developing diabetes has the unfortunate effect of placing you in the "screw you" market segment for health insurance - where you're unlikely to get coverage and the company is likely to increase your insurance premiums to force you out. Obviously, this substantially screws up our budget.
I'm not looking for total coverage - just bankruptcy insurance. A high limit policy is just fine - seeing an annual out-of-pocket deductible of $5000 or $10000 doesn't both us that much. I just want protection from that $250,000 "unforseen problem" that cleans us out.
Any ideas? Anyone got any good suggestions on buying a major medical policy with diagnosed Type II diabetes?
Or is one of us (probably me) going to have to stay on a company plan until 65?
Here's my biggest concern about doing this.
We both have a family history of diabetes - and were significantly overweight for most of our twenties. We have made some good progress in that department over the past year and a half - but there is a high risk that one of us will get type II diabetes prior to age 55.
We're working on the obvious solution to this - we've both lost a lot of weight since we met and are still on our diet. Exercise has become a regular part of our life. We've put together a pretty good preventative plan using some studies. That side is WELL under control.
However, I've heard that developing diabetes has the unfortunate effect of placing you in the "screw you" market segment for health insurance - where you're unlikely to get coverage and the company is likely to increase your insurance premiums to force you out. Obviously, this substantially screws up our budget.
I'm not looking for total coverage - just bankruptcy insurance. A high limit policy is just fine - seeing an annual out-of-pocket deductible of $5000 or $10000 doesn't both us that much. I just want protection from that $250,000 "unforseen problem" that cleans us out.
Any ideas? Anyone got any good suggestions on buying a major medical policy with diagnosed Type II diabetes?
Or is one of us (probably me) going to have to stay on a company plan until 65?