Replies: 42
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All-In [46825]
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This is going to be a stupid question,
Oct 16, 2018, 10:14 AM
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but the desk people at the doctor's office told my wife yesterday that we have met our deductible for the year. Yes I am an adult and I have no idea what the hell that means. Does that mean we only have to pay the co-pay now? Need halp jounge cuz stupid.
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Oculus Spirit [78876]
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oh my god.***
Oct 16, 2018, 10:15 AM
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All-In [46825]
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I googled this #### and still don't know what it means***
Oct 16, 2018, 10:16 AM
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Heisman Winner [105622]
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JFC***
Oct 16, 2018, 10:16 AM
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Heisman Winner [105622]
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Re: JFC***
Oct 16, 2018, 10:16 AM
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Jave Fatthews Cand
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CU Medallion [66085]
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It means that you have payed a lot
Oct 16, 2018, 10:17 AM
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of medical bills this year
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All-In [46825]
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^^^^ yep***
Oct 16, 2018, 10:17 AM
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All-In [27403]
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it basically means you don't have to grab your ankles
Oct 16, 2018, 10:18 AM
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anymore when you check out at the doc's office. you still have to pull your pants down and bend over, just not quite as far.
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All-In [46825]
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Sounds thrilling***
Oct 16, 2018, 10:19 AM
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Oculus Spirit [85339]
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If you have met your deductible, that means you
Oct 16, 2018, 10:19 AM
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will receive a check for that amount whether it be $2,500 or $5,000. If you have any more medical expenses during this year, you can use that money to pay the bills. If you have no other expense, then you can use it on Bells Two Hearted, Little Debbie Cakes, Vienna Sausage, whatever your heart desires.
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Heisman Winner [105622]
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Depending on your insurance, it probably means you will
Oct 16, 2018, 10:20 AM
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have to give one of your children as tribute to the American Healthcare System. A traditional Viking Funeral should be fine and make sure you put quarters over their eyes to pay the toll to cross the River Styx.
https://www.youtube.com/watch?v=_fzJGxpcenc
Probably means you only owe 15-20% of medical bills for the rest of the year, again, depending on your insurance.
Did you meet the Family deductible or an individual deductible?
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All-TigerNet [12851]
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you havent lived until you've met your out of pocket Max
Oct 16, 2018, 10:21 AM
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deductibles are so UDP
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All-In [46825]
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After the CT scan yesterday I'm pretty sure we will hit it.***
Oct 16, 2018, 10:22 AM
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CU Medallion [54758]
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CU Medallion [54758]
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how are you even alife?***
Oct 16, 2018, 10:27 AM
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All-In [46825]
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Skittles and beer***
Oct 16, 2018, 10:28 AM
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Oculus Spirit [97751]
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It only deals with money. No biggie if you don't know.
Oct 16, 2018, 10:31 AM
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Yes, that means just the copay now. Your insurance plan has what are called deductibles. So you pay full out of pocket up to that deductible. THEN your insurance kicks in. The higher the deductible, the lower your premiums are usually.
Last year we changed our deductible from 500 to $1500 (per covered individual). That saved us just a shade below $7,000 in premiums. This year, we've paid almost $3k out of pocket. YIKES, right. BUT, that still puts us right at 4K in savings.
If you have the cash flow, and everyone's basically healthy, I'd go with a higher deductible and you should save thousands. Wife wasn't keen on the idea. When I showed her the numbers she agreed. I mean, the most we could end up paying if all 5 meet the deductible (won't happen) is just $500 more than we would pay anyway for the $500 deductible. Was really a no brainer.
PS. The insurance companies make more on people with little cash flow (savings, whatever) because they can charge them higher premiums. A person will have more taken from their paycheck for insurance rather than be forced to pay a large medical bill. Just to prevent that big of a hit, they actually end up paying more. But for those who keep a good padding of emergency cash, and assuming your family is relatively healthy, you can pay those large medical bills up to a higher deductible and still come out saving big with lower premiums.
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Oculus Spirit [81078]
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$7K in Premiums? Ouch
Oct 16, 2018, 10:37 AM
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I may not have paid that much in premiums since I've had insurance.
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Heisman Winner [105622]
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you dont have kids. Whole fam is asspensive to insure
Oct 16, 2018, 10:40 AM
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at least my wife tells me that.
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All-TigerNet [13764]
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Re: $7K in Premiums? Ouch
Oct 16, 2018, 10:44 AM
[ in reply to $7K in Premiums? Ouch ] |
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Sounds like a lot all added up but that's only $270 per paycheck if your paid bi-weekly. I just went through open enrollment at work this year and to bump my coverage up to our max coverage was around $300 for me + spouse. Not really worth it for the reasons stated above.
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Oculus Spirit [81078]
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Sounds like 7 grand a year to me***
Oct 16, 2018, 10:46 AM
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All-In [46825]
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That's about where mine is. around 300 a paycheck
Oct 16, 2018, 10:49 AM
[ in reply to Re: $7K in Premiums? Ouch ] |
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for family
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Oculus Spirit [97751]
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2 adults and 3 kids. Oh yeah. Premiums used to be 12K
Oct 16, 2018, 10:57 AM
[ in reply to $7K in Premiums? Ouch ] |
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Wife's main point against the higher deductible is the savings mean that extra money is taxed as income at a higher rate. I'm like so? That's like all those people who love tax deductions and think if they pay to get a deduction they're getting maybe $0.13 on the dollar for the deduction. So the savings are taxed 13% more. Still almost 50% savings. I'll take it.
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Oculus Spirit [81078]
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Seems cheaper to not have kids***
Oct 16, 2018, 11:01 AM
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Heisman Winner [105622]
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Dude
Oct 16, 2018, 11:10 AM
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No shit, Sherlock
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Oculus Spirit [81078]
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But you're rich with the love
Oct 16, 2018, 11:30 AM
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Of 3 people that when grown, will blame every miserable part of their life on something you said or did, and completely ignore the fact that you sacrificed the majority of your life for their well being.
Congrats!
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Legend [15216]
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Oculus Spirit [81078]
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Thats crazy talk
Oct 16, 2018, 10:47 AM
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I barely spend that much on my house.
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Legend [15216]
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Yeah, thankfully we're all healthy and hopefully never need
Oct 16, 2018, 10:52 AM
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to use it because then we're screwed. It sucks though, because it pretty much deters us from ever taking our kids to the doctor when they're sick.
I wish the US would form some sort of single payer, universal healthcare type of option.
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Oculus Spirit [81078]
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But I don;t have kids.
Oct 16, 2018, 10:54 AM
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I don't want to pay more for my insurance because of your kids.
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Legend [15216]
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Re: But I don;t have kids.
Oct 16, 2018, 10:58 AM
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I'm only concerned with my situation.
But, it would likely be cheaper for you.
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Oculus Spirit [97751]
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Will never happen. I'm for single payer system
Oct 16, 2018, 12:11 PM
[ in reply to Yeah, thankfully we're all healthy and hopefully never need ] |
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It would suck. Balls. But that would be fine to at least get poor people healthcare. THEN have private insurance that can flourish after the government takes care of the non-payers.
In Australia they have a single payer system. It is adequate, but nowhere as good as in the US. ANYONE can get healthcare, free of charge. BUT, Australia also has a thriving private healthcare system. They have private doctors, family practices, hospitals, etc. Their private (insurance) healthcare is on par with what we have in the US, or even better, 20 years ago at least. PLUS, the costs of private healthcare in Australia is HALF what it is in the US, again 20 years ago. The costs are low because there are no situations where doctors and hospitals are stuck treating people who can't pay. So yes, a single payer system in the US would be fine, AS LONG AS provate insurance and healthcare is allowed to thrive.
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Oculus Spirit [81078]
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Oculus Spirit [97751]
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In 1997 it was half the cost of the same open heart surgery
Oct 16, 2018, 12:25 PM
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in the US.
But it seems things have changed since my dad's operation. Then again, we paid out of pocket for his bypass on the old Amex card. So I'm not sure about premiums, but the CHARGES we paid for the procedure were half what they cost in Columbia, SC at the time.
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Oculus Spirit [81078]
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That was 20 years ago.
Oct 16, 2018, 12:26 PM
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I have no idea what it costs, but if 3/4's of the population are having issues with it, it must not be that great.
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Oculus Spirit [97751]
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That. SUX.
Oct 16, 2018, 11:00 AM
[ in reply to Dang, our deductible is $7150 per individual ] |
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What Obamacare did is wreck the individual insurance market. You're paying for all that crap like preexisting conditions etc. that were going to be so wonderful.
I'm not even sure if they can offer traditional individual (not group) insurance anymore with the old rules. I think Obamacare killed that if I'm not mistaken.
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Legend [15216]
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Yeah, Obamacare killed that.
Oct 16, 2018, 11:23 AM
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Need the wifey to get a full time job back going, but you also can't get these years back with the kids... The joy of self employment.
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Heisman Winner [105622]
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You can pay someone else to raise your kids
Oct 16, 2018, 1:38 PM
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Sauce - Me & Wifey
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All-TigerNet [10859]
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Re: This is going to be a stupid question,
Oct 16, 2018, 10:53 AM
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It means you have a month and a half to have as many surgeries you can think of
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All-In [46825]
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I can finally look on the outside
Oct 16, 2018, 10:58 AM
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the way I feel on the inside?
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Oculus Spirit [79260]
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Re: This is going to be a stupid question,
Oct 16, 2018, 10:54 AM
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CU Medallion [55787]
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It means our healthcare system is stupid, but you no longer
Oct 16, 2018, 10:56 AM
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have to pay big bucks for each trip to the doc until your next year (whenever that is on your health insurance) rolls around.
You may have a co-pay or you may not. Depends on your plan.
Stupid US healthcare system.
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Heisman Winner [135621]
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Congratulations!
Oct 16, 2018, 11:04 AM
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When you get to that point, you can start increasing the volume of your risky behavior because it's now on the insurance company. I suggest you start smoking a carton of Camel non-filters every day, drink a LOT of Colt 45 Malt Liquor and run up a lot of miles on your vehicle driving fast and reckless, have a lot of unprotected sex with strange men at interstate rest areas, and maybe even go out to the school track and do a few laps with a pair of scissors in each hand.
YOU'VE EARNED THIS.
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Replies: 42
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