Quote:
Originally Posted by AmeliaG
Most people don't vacation in rural China and require first class plane tickets home. Presumably you don't have that kind of bizarre occurrence most years either.
I'm not really interested in borrowing at 22% like the talent you mentioned or at the 300% you pay. I can do basic math, thanks.
So you pay $15,600 every year because you are risk-averse yet you don't save any of your money, so you don't keep $68,968 on hand, even though you can afford the dollar premium of $15,600 every year. Let's do some basic second grade addition here:
I'm assuming you are not a college student. So let's say you've been paying in for 20 years. $15,600 * 20 = $156,000. Let's not even add in the opportunity cost of not being able to use that money for business or even risk free bonds. Say most years you spend $4,000 on medical and then you had this one anomalous year of call it $75,000.
$4,000 * 19 = $76,000. $76,000 + $75,000 = $151,000
So you paid $312,000 plus whatever that money could have earned for $151,000 worth of healthcare.
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Ha, ha, quant corollary of always having a typo when correcting someone else's grammar.
$15,600 * 10 = $156,000
$15,600 * 20 = $312,000
If you've only been paying in for 10 years, however, I'd expect the yearly average to be much less than $4k.
Even if it were $4k per year, however:
$4,000 * 9 = $36,000. $36,000 + $75,000 = $112,000
So, with 10 years of pay-in, you paid $156,000 plus whatever that money could have earned for $151,000 worth of healthcare and then only with the freakish need for first class airfare from China for a mere broken ankle.