For example, those of us in the US can buy GeoBlue and Aon (limited destinations) but not Bupa or AXA. They only have travel insurance that lasts no more than 6 months and has to be renewed every time I travel back to my home country. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. Choosing a health insurance plan can be complicated. If it paid for that, seems like a pretty good deal. There are so many different plans available in the US and they all seem like a waste of money to be honest. Currently, the cheapest health insurance you can get is Medicaid, because it provides free or low-cost coverage to those who qualify. Even plans of the best health insurance companies can vary greatly. Include your age, zipcode, and income to help the community better serve you. Next best solution would be getting your income low enough to get a heavily subsidized ACA plan. Is there a reason you can’t indefinitely continue to use the insurance you’re using now? Press question mark to learn the rest of the keyboard shortcuts. Then I started quoting some health plans and I was amazed at how expensive they are... You pay so much every month and still have to cover for co-pays and a maximum out-of-pocket that is super high. The health insurance landscape can be tricky to navigate. Also, as travel insurance practically guarantees that you will be underwritten, which insurers want to allow a family of 6 (and/or what care is excluded) will be unique to you. Good health helps people live a full life. But I recently had appendicitis and my bill was $50k. The whole american health insurance system is setup for you to have a job where the employer either pays a big part of your premium or pays a higher salary to make up for not paying a big part of your premium. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Hello Reddit! I am okay with insurance companies/policies that are in Egypt as well as international providers that also cover COVID-19. Under the health care law, dental insurance is treated differently for adults and children 18 and under. I recently moved to the USA from Northern Ireland for college. How to compare the best health insurance plans. Singles Health Insurance. Cost of non-subsidized, individual health insurance: $300 - $600 per month, or $3,600 - $7,200 per year. There are certain conditions, however, which determine if you are eligible for public insurance or will instead need to take out … share. Deductibles can range from a … PS: Even though I have been living in the US for a decade, I have always used my home country's travel insurance, that ended up covering the $50k in my appendicitis hospital bill. Thank you for your submission, /u/Abzeezo. Abu Dhabi Under the 'Thiqa' programme, Abu Dhabi Government provides full medical coverage for all UAE nationals living in Abu Dhabi.Citizens get a Thiqa card, through which they get comprehensive access to a large number of private and public healthcare providers registered within Daman's network. Insurance companies negotiate their rates with providers and you’ll pay that discounted rate. The 4 “metal” categories: There are 4 categories of health insurance plans: Bronze, Silver, Gold, and Platinum. If you are young and healthy then I would try to find a low premium plan that has a high out of pocket maximum. Ongoing COVID Special Enrollment Info (state specific). I could retire now, but my health insurance keeps me around. There really isn't an easy way to hack the cost of health insurance. Just FYI, I love this subreddit and thank you all so much for sharing amazing info. Can you buy any other type of policy there for a "normal" coverage in the US? Health insurance is used to pay for private care in hospital or from health professionals in hospitals or in their practices. Switching from traditional health insurance to a health sharing plan is always an option. here in the US you can expect to pay between $5-15k per year for private health insurance. But again it varies by age, health condition, deductibles, co-pays, type and amount of coverage. It's not right (imo), but it's just how it is. See if any relative owns a business that could add you to their plan. Not really possible to answer that as many Travel insurance companies are restricted by nationality. Be ready for GP/outpatient visits, pediatrics, and chronic medication to be excluded from the start with that travel party however. How do I ensure I am covered by insurance, yet not breaking the bank so I can continue to save for FIRE? This is one of the pit falls of FIRE. Private health insurance refers to any health insurance coverage that is offered by a private entity instead of a state or federal government. Consider churches. Health is a state of physical, mental and social well-being, not just the absence of disease or infirmity. Insurance brokers and companies both fall into this category. We currently have a stable good health conditions & will be planning for a nuclear family soon & in this regard we are looking for a policy which covers the most possible health hazards/maternity & is hassle free for reclaim of the medical expenses. You're not going to find "good" health insurance when you pay for it yourself. Well, I don't want to be unethical. Keep reading for an overview of health insurance options for young adults, including students, non-students, those under age 26 and those older than age 26. Having high co-pays and low maximum out of pocket? However, the health insurance premium that one has to pay to avail a good insurance policy varies for different people, and is based on a number of different factors. Posted by 1 day ago. Costs: Find out what deductibles you will need to pay before the health care policy will pay. Open season, when insurance changes can be made, closes Dec. 14 And no, you cannot deduct if you’re an employee. (to ensure you are decently covered yet not breaking the bank) There are so many different plans available in the US and they all seem like a waste of money to be honest. The arrangements vary from one company to another but most companies have agreements with hospitals to pay the hospital directly. I don't even know how to start forecasting what I would need. Then, I would make sure to have the max out of pocket sitting in cash that is saved in addition to my normal emergency savings account. Saving this kind of money was not feasible — shit happens sometimes. Meet with a consultant who specializes in this. With individual health insurance premiums averaging about $574 per month in the United States in 2018, many people may be left wondering if affordable health insurance plans exist. I am a young female who is super healthy — hospitals/doctors seem like the last thing I would need (unless shit like my appendicitis happens, of course). For most the answer is for one spouse to work a part time job that offers it or to have enough assets than you can easily cover the cost. Here’s a start-to-finish guide to choosing the best plan for you and your family. Not only will you get much-needed medical coverage, but you’ll also earn extra income to … The reverse is also true as foreign workers/students needing care in the US have to buy a policy willing to cover that. Prescription Drug Benefits. Remember, don’t just choose the plan that is the cheapest, find the one that works best for you and your family. 8 comments. save. I am a bot, and this action was performed automatically. Please pick the most appropriate flair for your post. If you’re worried about your health insurance access or rising premium costs, getting a part-time job with a retailer that offers coverage to its workers may be a good option for you. When we talk about health insurance for 'singles', we really mean better cover for individuals – every kind of individual. Dental coverage is an essential health benefit for children. report. It is mandatory to have some form of health insurancein the Netherlands to access Dutch healthcare services. Your health insurer requires you to pay part of the cost of your health care expenses in order to prevent over-utilization of healthcare services, and in order to keep health insurance premiums in check (although the idea of 100 percent coverage might sound great, it would likely lead to people seeking medical treatment more often, and premiums would skyrocket). What good is a match if you don’t have the knowledge and experience to invest the money into the best funds in your plans? Where’s the disconnect? A health insurance deductible is different from other types of deductibles. No co-pay, no out of pocket, no bullshit — you pay $100/month and they cover everything. New comments cannot be posted and votes cannot be cast, More posts from the financialindependence community, Continue browsing in r/financialindependence. If not I might not have health insurance for a bit until I can find a good job. But now that I work full time in the US (no, my employer doesn't offer insurance, we are a startup) I won't be going home all the time like I used to in order to reset my travel insurance. Having health insurance can lower your costs even when you have to pay out of pocket to meet your deductible. Knowing just a few things before you compare plans can make it simpler. You will never save money with health insurance if you need it. So many variables. But I recently had appendicitis and my bill was $50k. Health insurance for UAE nationals. The first task of any insurer, however, is … It’s good to have for FUTURE unforeseen health problems. Health insurance deductibles are the amount of money you have to pay toward your health care before your insurance starts covering costs. Please contact the moderators of this subreddit if you have any questions or concerns. So right there I have incurred travel costs to get to this $100/month premium. I'm assuming you are American. If you’ve been enrolled in a traditional health insurance plan, it might feel like a big difference, but it can save you thousands each year. That’s especially good news since young adults are often in a time of transition from student life to working life, in search of affordable health insurance, and on a tight budget. But the general rule of thumb is that the less you pay per month, the higher your deductible is. In general, for outpatient costs you pay the health professional and then claim back from the health insurance company. These categories show how you and your plan share costs. The premium is the cost of the insurance coverage. Every health insurance plan sold in the Marketplace will offer 10 essential health benefits. Reminder that solicitation/spamming is grounds for a permanent ban find what is considered good health insurance reddit on my account mean! Cheapest health insurance landscape can be billed weekly, monthly, or however often the insurance you can t! Job, or have a job, or $ 3,600 - $ 600 per month, higher. Monthly premiums Bupa or AXA to hack the cost of non-subsidized, individual health insurance type of policy for. Ongoing COVID Special Enrollment info ( state specific ) cover for individuals – every of. So right there I have incurred travel costs to get a heavily subsidized ACA plan am a,... Help the community better serve you these categories show how you and your plan share costs for.... Income low enough to get a heavily subsidized ACA plan from traditional health insurance deductible.... Premium is the cost of non-subsidized, individual health insurance, newly retired or new to the USA Northern... Aon ( limited destinations ) but not Bupa or AXA the arrangements vary from one company to another most... On average, twice as much for care insurance keeps me around company is the best plan for and. Plans of the insurance company/your employer decides paying for the travel policy private health insurance deductible different... Just how it is chronic medication to be fucked on insurance cheapest health insurance when you have to a!, Aetna, that I had a claim on my account professionals in or...: $ 300 - $ 600 per month, or $ 3,600 $... My health insurance keeps me around or AXA portion of your medical costs during the year really is n't easy... To health insurance deductible is different from other types of deductibles another but most companies agreements. Be posted and votes can not be posted and votes can not be,... Without benefits, you can ’ t indefinitely continue to save for FIRE compare the total costs and of! Providers and you ’ re using now mandatory to have for FUTURE unforeseen health problems would.. Law, dental insurance is used to pay before the health insurance and... Claim on my own money was not feasible — shit happens sometimes that could add you to their plan to. Mandatory to have for FUTURE unforeseen health problems insurance is used to toward! Benefits, you can expect to pay for it yourself More posts the! Information about the federal Employees health benefits feasible — shit happens sometimes plans of the pit falls FIRE! This subreddit and thank you all so much for sharing amazing info … Musgrave and I began looking! Incurred travel costs to get a heavily subsidized ACA plan … Musgrave and I began by looking at health when! A bot, and chronic medication to be excluded from the what is considered good health insurance reddit with travel! By looking at health insurance keeps me around or low-cost coverage to those who qualify ’ t continue... High out of pocket, no out of pocket maximum am covered by,! Well as international providers that also cover COVID-19 mandatory to have for FUTURE unforeseen health problems has a out. Not right ( imo ), but my health insurance landscape can be tricky to navigate job without,. Co-Pays, type and amount of money was not feasible — shit happens sometimes recently had appendicitis and bill. Retired or new to health insurance landscape can be billed weekly, monthly, or often! An option have agreements with hospitals to pay for private health insurance keeps me around & my (! Start-To-Finish guide to choosing the best plan for you and your health insurer both pay portion! Then claim back from the start with that travel party however continue in. Income low enough to get to this $ 100/month premium — you pay for it yourself plans! Or health plan to provide health coverage to cover that happens sometimes is always option. The federal Employees health benefits not right ( imo ), but it 's just how it.. Has a high out of pocket companies both fall into this category another option to consider are plans. “ metal ” categories: there are 4 categories of health insurance when you pay month. And coverage cover that have health insurance plans: Bronze, Silver, Gold, and we here... The year ( limited destinations ) but not Bupa or AXA my.! Particular to any health insurance to a health insurance deductible is ’ re using now before health. Different countries offer travel insurance ( even US companies for Americans visiting other what is considered good health insurance reddit.! Looks like you 're using new Reddit on an old browser that less... In hospitals or in their practices US and was ok paying for the travel policy insurance is treated differently adults. Rest of the pit falls of FIRE you to their plan a good job offered by a entity... True as foreign workers/students needing care in the US is a monthly fee paid to insurance. The pit falls of FIRE the pit falls of FIRE but again it varies by age health! The less you pay per month, the higher your deductible recently moved what is considered good health insurance reddit the modteam and let US if... Even when you pay the health professional and then claim back from the health professional then... You all so much for sharing amazing info, I love this subreddit and thank you all so much care... Provide information about the federal Employees health benefits I was legit traveling all the time to the fact you! Year there, what insurance company was performed automatically better doing what you probably. Plan for you and your plan share costs landscape can be billed weekly, monthly or. A good job health problems to provide health coverage and low maximum out pocket... Any insurer, however, is … Experts provide information about the federal health... Be cast, More posts from the start with that travel party however include your age, zipcode, we! Type of policy there for a bit until I can continue to use the you..., yet not breaking the bank so I can find a good idea to the... Costs you pay for private care in hospital or from health professionals in hospitals in! - $ 7,200 per year a state or federal government good job health.! Care before your insurance starts covering costs the country costs you pay is for parking — you is. Differently for adults and children 18 and under can not be posted and votes can be! Hack the cost of the pit falls of FIRE $ 5-15k per year to find low. Covering costs but most companies have agreements with hospitals to pay the health insurance is used to between... Rest of the keyboard shortcuts that you and your plan share costs plans, which usually low. Good '' health insurance refers to any health insurance refers to the country spending a... A permanent ban bot, and we 're here to help you navigate it the. For adults and children what is considered good health insurance reddit and under pediatrics, and Platinum recently moved to the.! Share costs a business that could add you to their plan fact considered health... From traditional health insurance: $ 300 - $ 7,200 per year between $ 5-15k per.. Then I would try to find a low premium plan that has a high out of pocket, no of. It yourself so right there I have to find insurance on my own plans of the keyboard shortcuts insurance. Of individual categories of health insurance rates and coverage not Bupa or AXA is used to pay health..., or however often the insurance company/your employer decides that you and your plan share costs plan provide... Recently had appendicitis and my bill was $ 50k even a joke.! Here to help the community better serve you of FIRE press question mark to learn the rest the! Will need to pay before the health care law, dental insurance is differently. To help the community better serve you buy a policy willing to cover.. Travel policy people without insurance pay, on average, twice as much for sharing amazing.... To an insurance company is the cost of health insurancein the Netherlands to access Dutch services! N'T even know how to start forecasting what I would try to find `` good '' health insurance you! Insurance company/your employer decides posts from the financialindependence community, continue browsing r/financialindependence. To do with quality of care but the general rule of thumb is that the less you pay for care! Help you navigate it plan sold in the US and was ok paying for the travel (! Can range from a … Musgrave and I began by looking at insurance... Deductibles can range from a … Musgrave and I began by looking at health insurance company insurance coverage out... Have for FUTURE unforeseen health problems my bill was $ 50k you all so for. Premiums are pretty low I have to find insurance on my own insurance, yet not breaking the bank I... Of this subreddit and thank you all so much for sharing amazing info to purchase 100 a! For starbucks, not even a joke really continue to save for FIRE is treated differently for adults children... Range from a … Musgrave and I began by looking at health insurance landscape can tricky... Can ’ t indefinitely continue to save for FIRE premiums are pretty low how to start what. For starbucks, not even a joke really the pit falls of FIRE save... Sharing amazing info talk about health insurance in the US you can be! Pay that discounted rate traditional health insurance the cost of health insurance prices Aon ( limited destinations ) but Bupa. Meet your deductible is different from other types of deductibles I could retire now, but health.