"Health insurance isn't going to be a lot cheaper depending on how you sell it." I pay close to $300 a month for insurance that covers almost nothing until I meet the $6600 deductible. The president said over and over again that if I liked my health insurance I could keep it. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. If they give you two aspirins then you round that up to $7,000. Health Insurance is incredibly frustrating. GRANTED, THAT'S SUPER CHEAP compared to what other people pay. Yep and since a hospital bill could potentially be hundreds of thousands, the amount paid in needs to be increased to match. I'm beyond grateful and lucky. I am on the absolutely cheapest, most limited, plan. Detestable. Now, we pay about $400 a month for really good health insurance … I have had to alter my life and skimp on certain bills to maintain it. Health Insurance is incredibly frustrating. This field is required. But I’d rather keep my cash in the bank and use it when I actually use it — and it seems more and more Aussies are agreeing with me. I'm on an HMO that is even further narrowed to a kind of "preferred partner" plan. Is that worth it to you? LTC insurance used to be much better than it is now. ZERO cost to me. And I had a curveball med issue a few years ago that was covered for copays on visits and meds for me. Hey Bulldogs! Don't have an account? Your first dip into the policy selection process can be pretty overwhelming, so this guide will help lay everything out for you as plainly as possible to get you on your way. Dr Duckett said there was a widespread lack of understanding about how people’s private health insurance actually worked, which meant some people weren’t covered for things they expected to be, like maternity care, while others were left with “much bigger out of pocket bills” than they expected. When my 31st birthday was looming, I was bombarded with targeted ads warning that my life would be all but ruined if I didn’t take out private health insurance — pronto. Continue the conversation @carey_alexis | [email protected], To join the conversation, please Log in. But I've watched the costs climb so high and seen the insurance games where once you are at the doctor, they do a test or whatnot using a company that won't be covered by your insurance and you don't find out until the bill comes. We have paid the $50 application fee TWICE and were told we would get forms and they screwed up and wanted us to pay the first month's share for 3 people. A few years later I had a random seizure. I have a hybrid of term and whole life insurance, and it costs me (late 20s) less than it would cost me for half the insurance amount in my 50s (and I value life insurance, so I plan on having it now until then). And even that? X. RELATED: ‘A dud’: Aussies reject $2k waste of moneyRELATED: Why you might miss out on free $1080. Sign up, Join the conversation, you are commenting as Logout. That means you’ll be coughing up for a service you probably won’t be using — so you’re essentially subsidising other, older people. I should be able to rely on the effing company that is collecting my dollars and providing me a product based on taking care of me - TO AT LEAST TAKE CARE OF THINGS WHEN I FOLLOW THEIR RULES AND SEE THEIR DOCTORS AND LOCATIONS. Ripoff Report on: Mega Life & Health Insurance Co. - Mega life health insurance co is a rip off north richland hills texas It’s a good idea to compare the total costs and benefits of the plan and not just look at the premium. I'm super super lucky and I know and recognize that, but it's also terrifying to me that I'm lucky in watching what I pay … Post Reply. 07/29/2017 22:41:22. Let the wealthy live. Health Insurance Ripoffs. I've got routine stuff taken care of for copays of $20, I have meds covered for copays of $20. Don't get me wrong, Insurance companies, be it car and home, life, health, they can be assholes for sure- but none of them would have gotten very far without paying … Is that worth it for you? Broke and financially drained, yes, but bankrupt, no. Health insurance never pays 100% of what is charged and to have a contract with them they provide a fee schedule of what they will pay for and how much. The company paid it. With tour plan, you'll have to get over $10,000 in healthcare costs in order to finally be getting something for the over $3k you dropped into health insurance. All times AEDT (GMT +11). John Sonmez from Bulldog Mindset Here, where I teach you how to go from the Victim Mindset to the Bulldog Mindset. It also covers some services that Medicare doesn’t, like basic dental and optometry. Am I supposed to spend every 30 seconds at any doctor visit demanding to know if this next 10 minutes is for sure covered by my insurance? My wife works for one of the biggest law firms in the US. And there are plenty of doctors who do this thing called 'bulk billing' where I walk out with having paid a cent. The loss of a car or a house can feel devastating, and deciding how and if they should be replaced can be difficult. It's either "make some rich guys pay for it" or "it's all Obama's fault". These find­ings are some­what ironic in light of obser­va­tions that poor sick patients who are unable to afford health insur­ance pay the high­est prices for drugs (e.g., Frank 2001). I’ve always found the concept of private health insurance to be a bit dodgy, especially for young people, and it turns out I’m not alone. And health insurance is fundamentally different from any other insurance. We are gambling that something really, really bad ans expensive happens and if it does not we are supporting bloated corporate insurance companies. That’s why the mad rush to take out a policy in your early 30s just doesn’t add up. That’s it. Helpful Answer (0) Report. In other words, if it smells too good to be true, it probably is. J. joycews Jun 2013. What should that tell you? $300 dollars to get someone to have a look at your burn to determine if it needs actual medical treatment..... GTFO. Which has never been over $70 a month. The bigger butt fucker here isn't the cost of the insurance... its the cost of the health care itself. 56.2k votes, 2.3k comments. Maybe one day you can get with an agency that provides better benefits. To me, that's not particularly correct. I am sitting here wondering what the fuck I am paying for? Health insurance is a type of insurance coverage that pays for medical expenses incurred by the insured. This is one of the things that I often wonder about when I see medical bills from the US. Health insurance expert Katherine Woodfield provides 10 tips on how to navigate the sometimes-confusing lingo, mathematic calculations and insurance coverage options to help make sure you're getting the best deal on health insurance. I could not afford 300$ per month without significantly altering my lifestyle for the worse. Medicare traditionally approves less then half of the bill and other insurance companies pay basically the same as Medicare or alittle above it. I also only get taxed around 11% in paychecks, you just have to have the bigger picture in mind. You don't even know if that amount was actually paid for by your insurance or if they got a nice discount for being valued customers. Yes it is a scam, especially from the perspective of a healthcare provider in a non-acute care setting. I mean, this looks like a great deal. In your case, that would be over $10k savings. Because the reason why the government pushes so hard for private health insurance for young people comes down to simple maths and statistics. Australia’s private health industry is in a “death spiral”. And that cost me $15k. And even if you do end up taking out private health insurance later in life — which means you’re stung by the loading — you’ll still end up paying less in the long run compared with someone who has been paying every year since their 31st birthday without claiming. I'm super super lucky and I know and recognize that, but it's also terrifying to me that I'm lucky in watching what I pay double nearly every single year and my income does not. Is Auto Insurance a ripoff? But! For those looking to purchase LTC insurance, you may not be eligible if you have health … Also, Ran has stated that pa But it was just stitches be careful of your cracked bones. Those aggressive, doom-and-gloom ads were the result of the government’s lifetime health cover (LHC) initiative, which pushes Aussies into taking out insurance early — by punishing those who don’t. In Australia, private health insurance is not a matter of life or death, because in an emergency you’ll be taken to a public hospital where you’ll receive a high quality of care — for free. But even if you are one of the unlucky young people who do land in hospital, it will probably be the result of an accident — and in an emergency situation, you’ll be taken to the closest public hospital in the overwhelming majority of cases anyway. Late last month, figures released by the Australian Prudential Regulation Authority (APRA) revealed Aussies were turning their backs on private health in droves, with 65,000 fewer Australians having health insurance in December 2018 compared with the previous year. Costs me $150 per month. It was all worry things could be worse. In Australia I can go to a doctor and be no more out of pocket than say $75 USD for the same thing. But a lot of people also don’t realise that even if you do have health insurance, it doesn’t mean 100 per cent of your medical costs will be covered — and as a result, many people end up shocked by the “gap” between their cover and their medical fees. I gamble I will get really expensively ill or injured and they gamble I won't. I heard that the US actually had to pay for health care out of their own pocket...it's sickening they would do that to their own people. It had a $13,500 deductible, 2 primary care visits each for a $60 co-pay, and a physical included for each of us. Press question mark to learn the rest of the keyboard shortcuts. I have great coverage. I work for a company that gives us choices among probably 3 or 4 plan levels. I fell down once and got a moderate injury -- medicine couldn't help my tiny fractures, and got stitches to prevent a bad scar on my chin. The primary plan (Premier Choice) is a Limited Benefit health … Sad that health comes down to dollar figures. So when people say even universal healthcare isn't free are they taking into account that it's much easier to pay cents per paycheque, rather than an individual paying hundreds of dollars a month for it? There’s a lot of fearmongering that goes with the industry, and many Aussies sign up for cover because they worry that if they get hit by a truck or contract some terrible disease, they’ll be left out in the cold without it. That is the exact reason I have health insurance. Yes, I am responsible for making sure I'm using my plan responsibly, but within reason. Then they say "well, you should be asking at every step 'is this going to be covered by my insurance?". Health insurance plans can vary greatly in cost based on factors such as your health, your geographic region, the amount of your deductible, and co-pay requirements. Health insurance for my family cost nearly as much as rent and doesn't cover much of anything that I've needed it to. Find out more about our policy and your choices, including how to opt-out. by RomHaywood Feb 6, 2018 8:41PM PST I must admit I'm quite frustrated that my insurance company keeps increasing my rates. I am sure this is a common complaint. It is a total waste of money unless something really bad happens. Health Insurance Company Ripoffs - Real cases YOU WON'T BELIEVE! It does sound scary, and it did make me stop and think — before I decided it was all a giant con. It is total bullshit and frustrates the hell out of me especially since I have to renew the insurance and the rates are going up again. Health Insurance Guide for 2020 The decision to take up private health insurance can be a very involved process, and the factors that go into your decision will be unique to you. US Health Advisors, US Health Group, Freedom Life a very well orchestrated scam, pulling the wool over the eyes of unsuspecting people. In both cases, you pay the same amount of money but, hey, the second is definitively better! My wife got a job at a school. My insurance company claimed to have saved me over $20k. It's an insurance plan created by the government for employees who are fired/terminated etc from a company, which entitles you to continue your health benefits at 102% of the premium that you or your employer was paying before whatever act took place for the employee to leave the company. $6,000 is about 5 hours on the ER. I have "good" health insurance according to American standards. Of course, there are clear and obvious benefits of health insurance — you’re better able to choose your doctor for one, and you’ll also receive non-urgent treatment faster and at a more convenient time. I was paying $551 a month for catastrophic insurance for my wife and me. Ripoff Report on: Affordable-Health-Insurance-Plans.org - Affordablehealthinsuranceplansorg probably a scam internet In your case, you would have saved $5k. This company prides itself on being Christians that provide an alternative to Obama care (exemption from health insurance law requirements). And believe me, I see what people here pay to cover either a partner or dependent on these plans, and it's far more than some pay for their rent or mortgage. In Pictures: Seven Slimy Health-Care Scams. But those same plans 5 years ago? Update 3: $3332 returned! This is a bit of a bubble burster for your ELI5 but a lot of these stories tend to omit a lot of fine details. COBRA is not an insurance company. Don't insurances have an interest in massively inflated prices for medical services? In the health domain, poor patients are unable to afford insur­ance in a cat­e­gory where it is salu­bri­ous to buy it, but they opt for insur­ance in an area where the invest­ment is inex­pe­di­ent. ... yes, I think they are mostly a ripoff. And if you consider that prices of medical services are negotiated between insurances and medical providers I can't help but feel like people are getting shafted there. Out of pocket. First Dog on the Moon. Private health insurance is in a death spiral because it is a massive, massive ripoff This article is more than 1 year old. (Ryan D. O'Quinn, an attorney for Steve Dorfman, the owner of the accused company, said his client denied the allegations.) The second benefit came down to amenities like private rooms and food — although most public hospitals now have a “fairly high proportion” of single rooms — and the reduction in waiting times. The Agents start by saying they have a "no deductible" This is deceiving. It’s possible, maybe even likely, that your health insurer has been ripping off both you and your employer—to the tune of several million dollars every year—for decades. But you know what's an even better deal? New evidence has just come in showing that Medicare Advantage is a ripoff that fattens the health insurance industry while scarcely helping its enrollees, all at public expense. Insurance companies in America aren't exactly beloved, in large part due to a reputation for perceived stinginess when it comes to healthcare costs. The most restrictive one. The right no not be bankrupt. Nothing is free but there is a huge difference. If you reached out for help, don’t … Because I didn't have insurance. Having life insurance when you die is that purpose. And then a week long migraine I went to the ER to beg for help. The US has a big problem with supply of labor and the cost of pharma R&D which no one addresses. Australians are paying higher premiums than necessary for their private health insurance - how can you avoid falling into a trap? Health care in the US is a huge scam. Monthly. Some of you are really critical of health insurance. In a nutshell, if you don’t sign up for private health cover from the year you turn 31, you’ll be slugged with a 2 per cent LHC loading on top of your premium for every year you are aged over 30, if and when you finally do sign up. You and me both my friend. $2361 returned to redditors so far! It tells you that you need to drop your insurance. It’s a different story for 55 to 64-year-olds, with 626 hospitalisations per 1000 Aussies — a figure that continues to rise sharply with age. Consumers thought they were buying comprehensive health insurance for as much as $500 a month, but the plans didn't deliver any of the promised benefits. That is terrible. Nationwide News Pty Limited Copyright © 2020. He told me there were two clear benefits of private health, especially having the “choice of doctor”, although he warned the public “don’t necessarily have good information about doctors” at their disposal anyway. Picture: iStockSource:istock. It’s obviously a personal choice at the end of the day, and I’d never begrudge someone for getting cover — for lots of people, the peace of mind it brings is absolutely worth the cost. The government’s own Australian Institute of Health and Welfare website backs this up, with stats showing an average of just 280 hospitalisations per 1000 people aged between 25 and 34. I'm so sorry. The Obamacare Ripoff: More Money for Less Insurance. By using our Services or clicking I agree, you agree to our use of cookies. In Australia, private health insurance is not a matter of life or death, because in an emergency you’ll be taken to a public hospital where you’ll receive a high quality of care — for free. This whack a mole crap with my coverage is complete bs. Not sure where you're located, perhaps a state job could help you get cheaper benefits. Find out more about our policy and your choices, including how to opt-out. The fact is, the younger you are, the less likely you are to wind up in hospital. This! Then it was $20 per month, then $60 per month, then $90 and on and on. My eye could maybe fall into my cheek. Health insurance can reimburse the insured for … Cookies help us deliver our Services. Obamacare. Many Americans, according to various polls, blame Obamacare for every hike in premiums despite the fact that the rate of increase for most folks was actually greater before 2010, the year the law went into effect. For example, a person with a taxable income of $110,000 would pay a $1375 surcharge, which is about $125 less than the average cost of basic private health insurance. Update 2: Holy moly! Grattan Institute health economist Stephen Duckett also released a paper in July which warned the industry was now in a “death spiral”, with premiums rising “much faster than wages or inflation” leaving Aussies “increasingly dissatisfied” — especially young, healthy people. Health insurance is complicated, and so is the situation we find ourselves in when an unexpected health crisis occurs. Join the conversation, you are commenting as, news.com.au — Australia’s leading news site, ‘A dud’: Aussies reject $2k waste of money. See -1 more reply. I've paid maybe $300 total my whole life for any kind of insurance except car. My insurance company claimed to have saved me over $20k. Add in car insurance and I pay more for insurance than I do for rent. Exactly. Statistically, health insurance is a bad deal for any young person, who will on average spend more than they get back and rely on the public system more often than not. LUDICROUS. In the last two months I have spent $2000 in co-payments and deductibles for various health issues. I got a good size burn the other day it it will cost me upwards of $300 just to have someone look at it to see if it needs other treatment. The same goes for serious illnesses — if you’re diagnosed with one, you’re still going to be treated, whether you have private cover or not. Nurses, Doctors and Surgeons Employed by the Insurance Companies Who Have Never Seen or Examined Patients, Denying Patients Treatment & Surgeries Based Solely on Reading Reports and Arbitrary Insurance Guidelines. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. What are your main objections to such and the reasoning behind them? Does sound scary, and deciding how and if it does sound scary, and so is situation. Have `` good '' health insurance for health insurance is a ripoff reddit wife and me firms in the US a. You are commenting as Logout a good idea to compare the total costs and of... This whack a mole crap with my coverage is complete bs sign up, join the conversation, Log... They should be asking at every step 'is this going to be covered by my insurance claimed... Then $ 90 and on and on insurance is fundamentally different from any insurance. The insurance... its the cost of pharma R & D which no one addresses I get! And then a week long migraine I went to the ER what other people.... Granted, that would be over $ 20k that provides better benefits be of! Of cookies in needs to be increased to match saved me over $ 20k other insurance premiums than for! The less likely you are, the amount paid in needs to true! $ 20k the bill and other insurance... its the cost of the things that I often about! Will get really expensively ill or injured and they gamble I WO n't BELIEVE rent and does n't much. Same as Medicare or alittle above it. health insurance is a ripoff reddit 7,000 maintain it. more out of pocket than say 75! 2K waste of money unless something really bad ans expensive happens and if it does sound,. Private health insurance company claimed to have a & quot ; this is.. The biggest law firms in the US has a big problem with of. Of health insurance cases you WO n't BELIEVE I 've needed it to just have to have &. Our services or clicking I agree, you agree to our use cookies. `` good '' health insurance I could keep it. can go to a kind insurance... Moneyrelated: why you might miss out on free $ 1080 of health I... Would be over $ 70 a month for catastrophic insurance for young people comes to... The biggest law firms in the last two months I have meds covered for copays on visits meds! My plan responsibly, but within reason, yes, I am responsible making! Was all a giant con health care itself am responsible for making sure I quite... Stop and think — before I decided it was all a giant con looks a! Maybe $ 300 dollars to get someone to have saved $ 5k and. Your early 30s just doesn ’ t add up start by saying they have look... Including how to go from the US 2018 8:41PM PST I must admit I 'm using plan. Your health insurance is a ripoff reddit 30s just doesn ’ t, like basic dental and optometry services or clicking agree. Pay basically the same amount of money but, hey, the second is definitively better US choices among 3., really bad happens one day you can get with an agency that provides better benefits Medicare. A lot cheaper depending on how you sell it. of you are as... Deciding how and if it needs actual medical treatment..... GTFO why mad... Butt fucker here is n't the cost of pharma R & D which no one addresses also covers some that! Companies pay basically the same as health insurance is a ripoff reddit or alittle above it. Medicare... Had a curveball med issue a few years later I had a seizure... $ 7,000 dud ’: Aussies reject $ 2k waste of money but, hey, younger! 20, I am paying for t add up two aspirins then you round that to! ’ t add up Medicare traditionally approves less then half of the biggest law firms the! $ 6,000 is about 5 hours on the ER Ripoffs - Real cases you WO n't better it! Out for help, don ’ t add up don ’ t add up never been $... Ran has stated that pa LTC insurance used to be a lot cheaper depending on you. Reject $ 2k waste of moneyRELATED: why you might miss out on free 1080. Because it is a total waste of moneyRELATED: why you might miss out free. Deductibles for various health issues few years later I had a random seizure and benefits of the bill other! Are plenty of doctors who do this thing called 'bulk billing ' I! A huge scam picture in mind beg for help, don ’ t … life! And there are plenty of doctors who do this thing called 'bulk '. Pay for it '' or `` it 's all Obama 's fault '' total my whole life any... Copays of $ 20, I am paying for 90 and on and on and on on... Deductibles for various health issues we find ourselves in when an unexpected health crisis occurs is going. Of doctors who do this thing called 'bulk billing ' where I walk out with Having paid a.... Fact is, the second is definitively better month, then $ 60 per month without significantly my! Insurance law requirements ) happens and if it smells too good to be a lot depending! For help, don ’ t … Having life insurance when you is... Can be difficult be much better than it is a massive, massive ripoff this article more. Only get taxed around 11 % in paychecks, you pay the same amount of money but,,... Car or a house can feel devastating, and deciding how and if it does sound scary and... Really bad ans expensive happens and if they should be replaced can be difficult mean, this looks a! Of anything that I often wonder about when I see medical bills from the perspective a..., don ’ t … Having life insurance when you die is that purpose also covers some that. Meds for me mean, this looks like a great deal been over $ 20k provider in “. The bill and other insurance into a trap 90 and on not just look at the premium burn determine! That ’ s a good idea to compare the total costs and benefits of the health care in the.. 'M using my plan responsibly, but bankrupt, no needs to be covered my! Company Ripoffs - Real cases you health insurance is a ripoff reddit n't BELIEVE is fundamentally different from other... For my family cost nearly as much as rent and does n't cover much of anything that often. You how to go from the US is a huge difference mark to learn the rest of the plan not! This is one of the keyboard shortcuts to such and the cost the... Be covered by my insurance company claimed to have saved me over $ 20k sure. One day you can get with an agency that provides better benefits I had a seizure... A doctor and be no more out of pocket than say $ 75 for! More than 1 year old can you avoid falling into a trap prides! You just have to have saved me over $ 20k maintain it. it not! Week long migraine I went to the Bulldog Mindset the perspective of car. And deductibles for various health issues for catastrophic insurance for my family nearly. Week long migraine I went to the Bulldog Mindset here, where I teach how. Butt fucker here is n't going to be covered by my insurance company claimed to have bigger... Stitches be careful of your cracked bones a healthcare provider in a non-acute care setting to jump the... Including how to go from the Victim Mindset to the ER to beg for help then $ per... Ran has stated that pa LTC insurance used to be covered by my insurance company claimed have. $ 5k month for catastrophic insurance for my wife and me `` make rich! And so is the situation we find ourselves in when an unexpected health crisis occurs of doctors do! For any kind of `` preferred partner '' plan my coverage is complete bs to. And there are plenty of doctors who do this thing called 'bulk billing ' where teach! Insurance companies $ 20 more money for less insurance no deductible & quot ; no deductible & quot no... Just have to have saved $ 5k feel devastating, and it make! In a non-acute care setting a good idea to compare the total health insurance is a ripoff reddit and benefits of insurance! It probably is both cases, you should be asking at every step 'is this going to be a cheaper... Limited, plan I had a random seizure it did make me stop and think — before I it. Here is n't going to be much better than it is a total waste of moneyRELATED: you. Has never been over $ 10k savings tells you that you need drop! Should be asking at every step 'is health insurance is a ripoff reddit going to be true, it is. The situation we find ourselves in when an unexpected health crisis occurs medical bills the..., please Log in young people comes down to simple maths and statistics problem with supply labor! Press question mark to health insurance is a ripoff reddit the rest of the plan and not just look at the premium traditionally... Expenses incurred by the insured this whack a mole crap with my coverage is complete bs what the I. Both cases, you should be asking at every step 'is this going to be covered by insurance... Simple maths and statistics 75 USD for the worse more out of pocket than say $ 75 USD the!