Quote:
Originally Posted by Minte
Read the terms of these policies.. They are going to be a money maker for the insurance company. They don't pay anything unless there is a major medical crisis. Huge deductibles.
If you have some cash to invest into the market, insurance companies are going to be a good place ..for a while.  |
According to the info on the website, and again it is all pretty vauge, the policies that will be in the ballpark of what I am paying now will have anywhere from a $100 to a $1,000 annual deductible.
If it works like health insurance I have had in the past this means after my deductible is paid they will kick in and pay their percentage (which is supposed to be 70-80% of medical costs, no idea about prescriptions).
Still, as you said, insurance is a good place to invest. In the long run they never lose money and Obamacare is going to be a huge windfall for them.