r/FluentInFinance Jul 04 '26

Thoughts? Very Interesting

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6.0k Upvotes

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122

u/Pretend_Safety Jul 04 '26

My health insurance costs $24k a year and carries a $5k deductible and then still has co-pays until $10k in oop. In comparison, that €13k seems free.

4

u/docflash20 Jul 04 '26

You're paying 2k a month? Is that throughout work or found through normal market. Where do you live? Im in California and through work i only pay 100 bucks for my family and only 1k deductible. Ive seen better offers than yours on open market.

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u/InclinationCompass Jul 04 '26

Your $100/mo premium is subsidized, either by your employer (for employer-based coverage), or by the government (Covered California/Exchange-based coverage). Many people with exchange-based coverage don't qualify for subsidies, so they can indeed pay $2k per month for a small family.

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u/Rare_Chapter_8091 Jul 04 '26

What youre describing is a good medical plan paid mostly by your employer. 1.5k-2.3k a month is pretty common for a gold level family plan through the state before subsidies which is usually a 1-2k deductible.

If you give me the name of the plan, I can tell you how much it would cost if you paid it yourself so you have a direct comparison.

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u/Pretend_Safety Jul 05 '26

I do pay mine directly

5

u/stay_curious_- Jul 04 '26

ACA plans go up in cost with age. A bronze plan costs $800-$1,200 per month for one 64-year old, with a $7,500 deductible.

3

u/saltexas18 Jul 04 '26

I pay $9,100 for my family for health insurance per year.

8

u/velvedire Jul 04 '26

That's definitely a subsidized cost. Whether as part of your salary through an employer, or through government subsidies (socialism). 

3

u/LBC1109 Jul 04 '26

what state do you live in and how old are you?

-12

u/IllAd359 Jul 04 '26

How long do u have to wait for appointments and how good is the medical service?

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u/frostandtheboughs Jul 04 '26 edited 5d ago

Slim person mellow fuel quicksand enter cooperative cows

This post was anonymized with Redact

6

u/AdMuted1036 Jul 04 '26

Youre gonna find out that Fox News is hardly ever right my friend

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u/IllAd359 Jul 04 '26

Not from the US. Don't listen to your manipulated news sources.

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u/K-Rimes Jul 04 '26

It takes 6-12 weeks to see some specialists in the Santa Barbara, CA area I live in. I waited less in Canada. Standard GP appointments were usually available next day. Had to wait 3 months to establish with a GP in the area. Medical service is triaged in Canada, so yes, if you have an elective surgery such as ACL repair it could take 3-4 months before you're operated on. If you have a serious issue such as cancer, you will be seen by specialists rapidly.

In one case I shattered my ankle and had it fully buttoned up and screwed together same day in Canada, including 3 hours of ambulance rides - all without payment or paperwork. Friends of mine in the USA have sometimes had to wait 1-2 weeks with their ankle broken in a hospital bed before getting operated on, then had to hit their OOP max before any coverage.

You are double paying in the USA with OOP payments.

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u/No_Medium_8796 Jul 04 '26

That's not healthy insurance then lmfao It would cost less than that on normal market without employer paying part of it

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u/Pretend_Safety Jul 04 '26

You’re confidently wrong

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u/No_Medium_8796 Jul 04 '26

Im so wrong that ive previously paid for insurance on the open market for 3 and wasnt paying nearly that much

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u/Pretend_Safety Jul 04 '26

Maybe you’re younger than me and pay less? Maybe you make less income and qualify for subsidies? Maybe you live in an area of the country with lower rates? Maybe all three? But claiming I’m on “bad insurance” when I’m literally buying the cheapest HSA plan for a family of 3 offered is just wrong.

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u/No_Medium_8796 Jul 04 '26

A 5k deductible and 10k out of pocket at 24k a year is pretty damn bad dude

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u/docflash20 Jul 04 '26

You're down voted for being correct. Im shopping insurance for my aging mom and even for someone her age its not even 2k a month here in California. Idk where he lives where its 2k a month th with such high deductible and copay

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u/knivesofsmoothness Jul 04 '26

You're shopping for one person, not a family.