FUEGO
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 13, 2007
- Messages
- 7,746
Even if you qualify for low cost insurance, your out of pocket could still be a cost that is hard to afford... the US system can still be costly as opposed to the Canadian system...
Under 250% of AGI, you get some pretty serious cost sharing limits on silver plans. This means very low or no deductibles, low or no copays, and low out of pocket max. The plans we're looking at for later in 2015 or possibly 2016 are under $1000 for family deductible, $5 copays for PCP and $10 for specialists IIRC, $20-25 for ER copay. Max out of pockets are similarly low.
In other words, we'll pay ~$1000/yr for HI and then almost nothing up to maybe a few thousand worst case. There could obviously be a need to go out of network, if the hundreds of in network doctors can't or won't provide the services you need.
Then again, you get to enjoy early retirement in your 30's, so it's probably worth it if the potential downside is having to pick the 2nd choice cardiologist or whatever when you're 60.