Well I just got my health coverage benefits rate for next year. Same plan up 14.76% to a total of $963.89/month for me, the wife and our one son (was $839.93)
Sooooo that means my monthly bottom line will now be hit with an additional $124.00. Being an LLC, minimal is tax deductable.
In Maryland the prices are controlled so there is no competition……..every insurance agent has same price.
Every year they jack it up a double digit rate……….insane………..
jocobe
Replies
"In Maryland the prices are controlled so there is no competition........every insurance agent has same price"
Um..........
Sounds like airfares prior to deregulation. They all had to charge the same, so they all competed by raising the level of service, which caused an upward spiral in cost and pricing.
Jon
Man.... at some point it just makes more sense to sock away a grand a month and self-insure instead of sending it to the insurance barons. You could be putting away $12K per year. Wife and I are at $550 a month at this point, but price comparisons are meaningless unless we lay out all the coverages, deductibles, limits, etc.
We lived for a long time in an area covered directly by Kaiser Permanente, an HMO. Best insurance situation I ever had... just go to their clinics, pharmacy, hospital, specialists, etc.... no middleman.
"at some point it just makes more sense to sock away a grand a month and self-insure instead of sending it to the insurance barons. You could be putting away $12K per year."
David,
Not to self-insure entirely, but that is what I was getting at awhile ago in this thread.
http://forums.taunton.com/n/mb/message.asp?webtag=tp-breaktime&msg=42825.1#a10
Health insurance is, or IMO should be just that, insurance, not "maintenance".
Over the long haul, many $ to be saved by raising your deductible to a level over the standard annual outlay one would normally have over the cost of a year, and banking the savings. This statement of mine applies only to health insurance.
Jon
I think that if I put away the money I'm spending on auto, home, life, GCL, bond, and medical I could come out ahead. Years of paying all that, with just one small claim on the auto and a broken collarbone (not related to the auto!), and I'd still be stacking up cash.
Not only that, but the government will give you a tax break if you.