I live very close to Ontario. I just found out that our family health insurance through my trade group is going from $11,000 per year to $14,500 per year. My plan is good but hardly gold plated. This increase is typical for all the plans for all the carriers in my area. I see no end to these increases.
It appears that a $400,000 interest free 5 year loan to the Canadian Government plus a few other requirements that I think I could meet would allow our family to move accross the bridge and get into the health insurance program for no cost.
It seems that the cost of health insurance is moving quickly towards $20,000 per year or more. That is a 5% return cash on cash, on the $400,000 investment, with a continuing return once I get the investment back.
Please tell me all the things I am missing in the analysis. This health insurance pricing is out of control. I am 57, DW is 55 and kids are in the latter part of college without self sustaining health insurance.
ZMAN
It appears that a $400,000 interest free 5 year loan to the Canadian Government plus a few other requirements that I think I could meet would allow our family to move accross the bridge and get into the health insurance program for no cost.
It seems that the cost of health insurance is moving quickly towards $20,000 per year or more. That is a 5% return cash on cash, on the $400,000 investment, with a continuing return once I get the investment back.
Please tell me all the things I am missing in the analysis. This health insurance pricing is out of control. I am 57, DW is 55 and kids are in the latter part of college without self sustaining health insurance.
ZMAN