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YOUR BALANCE
I guess there are average Americans in here.
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I guess there are average Americans in here.


Feb 19, 2020, 9:56 PM

Does your healthcare cost $16,000/year?

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Re: I guess there are average Americans in here.


Feb 19, 2020, 9:59 PM

i probably pay $11,000, premiums and co-pays all together

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right. You probably have kids/family.


Feb 19, 2020, 10:04 PM

I'd consider what you pay as average.

Meaning..there are a lot of people paying more, and a lot of people paying less.

a $16K average seems like BS, IMO.

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Re: right. You probably have kids/family.


Feb 19, 2020, 10:38 PM

family coverage for three

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We pay around 12K, family of 5.


Feb 20, 2020, 7:30 AM

I'm not sure how that averages out though. About twice as much as I pay for Social Security...lol.

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Here's the national data.


Feb 21, 2020, 3:12 PM [ in reply to right. You probably have kids/family. ]

https://www.peoplekeep.com/blog/bid/97380/faq-how-much-does-individual-health-insurance-cost

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Self-employed or company-supplied or retired...?


Feb 19, 2020, 10:03 PM

It all depends on so many variables currently.

Also, individual or family, obviously.

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Bernie said it. I'm assuming he meant out of pocket.***


Feb 19, 2020, 10:04 PM



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Re: I guess there are average Americans in here.


Feb 19, 2020, 10:09 PM

Mine with copays, prescriptions, treatments are anywhere from 16-20k. It is about to get better though.

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are you average?


Feb 19, 2020, 10:17 PM

You don't sound average.

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Re: are you average?


Feb 19, 2020, 10:49 PM


You don't sound average.


Deductible alone was $5400 bro.

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Did you count that in your costs?


Feb 19, 2020, 10:56 PM [ in reply to are you average? ]

'cause I think Bernie was just talking about premiums.

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Re: Did you count that in your costs?


Feb 19, 2020, 11:10 PM


'cause I think Bernie was just talking about premiums.


I’m counting my total expenditures, premiums/ deductible/ co pays/ prescription etc. it comes from my bank account, so I count that as my total “healthcare bill” for the year! Some people pay around 900-1200/ month in just premiums for Cobra insurance.

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So those just weren't your premiums.


Feb 19, 2020, 11:16 PM

As stated, that didn't sound "average" to me.

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Re: I guess there are average Americans in here.


Feb 19, 2020, 10:19 PM [ in reply to Re: I guess there are average Americans in here. ]

1500 per month?

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Our family plan premiums are just over that...


Feb 19, 2020, 10:20 PM

Employee + Employer share. Then you have to add deductibles, co-pays, prescriptions, etc. on top of that.

Renewals for 2020 are up 40% from that cost. We’re going to shop the rates hoping to only get a 25% increase. Thanks Humana.

One of our partners spent over $200k out of pocket fighting cancer so he ups the average. He lost his fight in December of 2018.

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Thats not what I got out of what Bernie said.


Feb 19, 2020, 10:23 PM

Sounds like he meant just premiums.

Seems high to me.

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You must have missed the 500,000 bankruptcies mentioned.


Feb 19, 2020, 10:30 PM

$200k could do that to some... probably most.

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I just wondered about premiums.


Feb 19, 2020, 10:33 PM

$16K per average person seems like a high amount to me.

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We gambled one year and saved about 5-6K. Then they


Feb 20, 2020, 7:57 AM [ in reply to Our family plan premiums are just over that... ]

changed their plans again. They do this every time they get out of whack. Our gamble paid off bigly one year when premiums jumped like 30-40% on the plan we had. So we changed to a high deductible plan. I did the math, and we would need to have 4+ ER visits, and other expenses to lose. Considering we've never had more than 2 in a year....Overall between out of pocket payments (up) with premiums (down) we saved about 5K. So they changed their plans again. We wanted to stay on the high deductible one, but they made the other a sweeter deal again.

So many people overpay for health insurance, which is part of the problem. Anything to keep them from having to pay out of pocket. Minus 3 babby deliveries, we've lost money every single year on health insurance. And in totality, we've probably broken even even with the babby deliveries. I have thought long and hard about just going with catastrophic coverage, and paying the rest out of pocket. But I know there are years coming up when we will be in the plus.

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Luckily, i've always lost money on insurance


Feb 20, 2020, 11:31 AM

I hope it stays that way, until one day when I just drop over dead and instantly implode.

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Our staff premiums are ~$10-12k per year


Feb 19, 2020, 10:28 PM

Goes up significantly with kids and age. Does not include employee costs.

Rates go up 10-15% every year and benefits drop.

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Exactly, along with those healthcare corporations' stocks


Feb 19, 2020, 10:33 PM

and their executives' salaries and stock options...

10-15% sounds right in line with their profits.

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Not even close...


Feb 19, 2020, 10:40 PM

Insurance companies must spend at least 80% of their premiums on claims. The remaining 20% covers all admin costs, marketing, employees, dividends, profit.

Not sure an insurance company is going to make 10-15% profit when 80% gets paid out in claims. If it’s less than 80%, they rebate the insured.

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How much was your last rebate check...? Riiiight....***


Feb 19, 2020, 11:29 PM



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Wrong


Feb 19, 2020, 11:54 PM [ in reply to Exactly, along with those healthcare corporations' stocks ]



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Seriously run the numbers. High deductible plans can save


Feb 20, 2020, 8:18 AM [ in reply to Our staff premiums are ~$10-12k per year ]

a TON. Our insurance screwed up once and we benefit greatly. When people move to high deductible plans, they will usually change them all to force you back into the fold. But it's worth paying attention to every year.

Our prescription plan is an absolute farce. Most common drugs we pay anywhere from $0.13 per bottle to $0.25. I ALWAYS make them run my card, and I always inform them they're losing money just by running my card. Mention to them every time also that if I'm paying this ridiculous low amount, I'm paying too much for premiums.

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I think I found the reference....


Feb 19, 2020, 10:36 PM

In the Medicare For All proposal they reference that the average family of four pays $16,000 a year in HC. They don’t say where the number came from, but that’s probably what Bernie was talking about.

The proposal basically says you trade $16,000 in premiums, deductibles, co-pays, etc. for a $9,000 tax increase.

Somehow the government will cut HC costs in half.

LO ####### L.

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He said its an average.


Feb 19, 2020, 10:38 PM

I pay about $3500/year in HC costs now.

Doesn't seem like another increase in taxes, especially $9k, helps me at all.

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Does your employer have any cost?


Feb 19, 2020, 10:40 PM

If not, hook me up with the $3,500 year plan. Would be a big savings for our folks.

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I'm certain they do.


Feb 19, 2020, 10:41 PM

I have no idea what it is.

But it doesn't make sense for me to trade a $3500 ins bill for a $9K tax bill, does it?

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Definitely not


Feb 19, 2020, 10:45 PM

They need to figure out how increase in taxes is spread across employers too. Or how business will pass on those savings.

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What’s your employer pay?


Feb 19, 2020, 10:41 PM [ in reply to He said its an average. ]

Null.

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I have no idea.


Feb 19, 2020, 10:42 PM

But I'm sure they tell me at some point during the year. They make sure we hear those kind of things.

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Re: I have no idea.


Feb 19, 2020, 11:23 PM



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Then I'll tell you on April 14 when I do my taxes***


Feb 19, 2020, 11:29 PM



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see, if your employer stops paying to subsidize those health


Feb 20, 2020, 7:45 AM

Care costs, they’ll pass the savings on to you in the form of a big raise.

Also, airlines will slash fares when fuel is cheap and government will reduce taxes once they spend that increase they needed for schools and kids and the needy.

Also, Santa will save reindeer emissions by carpooling with the Easter Bunny.

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Re: I guess there are average Americans in here.


Feb 19, 2020, 10:43 PM

i know a fella who just retired and ended up paying $300/month family coverage (received subsidies though)

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Thanks Obamacare


Feb 19, 2020, 10:46 PM

Low cost plans may not be available for long.

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Does the portion of my premium that my employer pays count?


Feb 20, 2020, 4:11 AM

If so, on a bad year, absolutely.

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Family of 4. Just health, not dental, vision, life etc


Feb 20, 2020, 7:55 AM

runs me over 600 per month. 7200 per year. That's just premiums. No deductible, no bills, no co-pays.

Just what it costs to have health insurance.

Increase my taxes 600 per month and I will come out ahead no problem because we all know with 2 kids you are in the doctor's office ALL THE TIME.

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I like your funny words magic man


No, like $1500 or $2000 maybe***


Feb 20, 2020, 8:07 AM



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$125 or $160 / month...? With who and for what?***


Feb 20, 2020, 9:34 AM



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I pay about $270/month


Feb 20, 2020, 9:36 AM

medical, vision, dental, short/long term, and life for myself and my kids..

Pretty sweet deal.

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GO TIGERS!!


Ex-military...?***


Feb 20, 2020, 10:02 AM



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PEBA (state BCBS) cost us about $6K per year


Feb 20, 2020, 10:20 AM

That doesn't include copays, deductibles, or OOP costs

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https://as1.ftcdn.net/v2/jpg/00/81/16/28/1000_F_81162810_8TlZDomtVuVGlyqWL2I4HA7Wlqw7cr5a.jpg


State subsidized/negotiated... SC 'socialism'....?***


Feb 20, 2020, 10:36 AM



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I don't understand why we have 45 different anecdotal


Feb 21, 2020, 3:21 PM

answers when the data is readily available. There are two very clear charts here:

https://www.ehealthinsurance.com/resources/individual-and-family/how-much-does-individual-health-insurance-cost

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Because OP asked if "your healthcare costs $16,000 per year"


Feb 21, 2020, 3:43 PM



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Replies: 48
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