OK... I need some insight from all of you...
In my opinion, our biggest roadblock and wild card to our ER plans is healthcare (cost & availability). So, I have been trying to figure out how to adequately plan for it... As part of this research I looked what our options would be in a not-so-rosy scenario when we do not qualify for (cheaper) individual policies.
In short I took a look at MD's high risk pool options (this is where I live, no plans to move) as outlined here:
Maryland Health Insurance Plan (MHIP)
Surprisingly, the options appear to be not that bad. The coverage is through (probably) the biggest insurer in MD. A family high deductible plan is available to 64-year olds for under $10.5k/yr max total cost ($5.2k deductable + premiums). As a worst case scenario, it's not all that bad. I can live with that. As a mater of fact, if I needed this insurance now, the premiums + deductible are cheaper than what is available to me through COBRA.
Am I missing anything? Are there any drawbacks to state sponsored plans? The doc availability/coverage appears to be good.
In my opinion, our biggest roadblock and wild card to our ER plans is healthcare (cost & availability). So, I have been trying to figure out how to adequately plan for it... As part of this research I looked what our options would be in a not-so-rosy scenario when we do not qualify for (cheaper) individual policies.
In short I took a look at MD's high risk pool options (this is where I live, no plans to move) as outlined here:
Maryland Health Insurance Plan (MHIP)
Surprisingly, the options appear to be not that bad. The coverage is through (probably) the biggest insurer in MD. A family high deductible plan is available to 64-year olds for under $10.5k/yr max total cost ($5.2k deductable + premiums). As a worst case scenario, it's not all that bad. I can live with that. As a mater of fact, if I needed this insurance now, the premiums + deductible are cheaper than what is available to me through COBRA.
Am I missing anything? Are there any drawbacks to state sponsored plans? The doc availability/coverage appears to be good.