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For those who don't know, COBRA is a federal law which allows continuation of insurance for a period of time after someone leaves a job for any reason. The former employee takes over the premiums, plus as much as 10% for administrative costs.you can
go onto Cobra for a year or so for about $1200 per month per person, but how long can that last if you're out of a job. Lots of heath care workers don't
Thanks. Over here, an averagely paid employee will pay about £170 a month tax called National Insurance. This pays for healthcare, state pension and a few other benefits.
The nice thing about it is that you are still fully covered even if you are not working. e.g. below working age, unemployed (or unable to work) or retired and there are no exemptions for pre-existing conditions which I hear about in the US system.
Our system does have its faults, mostly due to bureaucracy, but we wouldn't want to be without it. From what I can tell, the German system is similar to ours but with less bureaucracy and shorter (if any) waiting times. I think the German system is what we would like ours to be.
Steve.
Some do pick up their own. Mine costs about $1,000 per month for medical only. It does differ from State to State though so my own may not be totally representative.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1986 that mandated separated employees whose employers had been providing medical coverage be offered continued participation for up to 18 months -- 36 months in certain cases -- limited the administrative surcharge to 2%, not 10%.For those who don't know, COBRA is a federal law which allows continuation of insurance for a period of time after someone leaves a job for any reason. The former employee takes over the premiums, plus as much as 10% for administrative costs.
Why are they uninsured???? And will be insured in four months???? A typical private family premium comparable to employee benefits would cost $30,000 per year with a 5,000 deductible and 250K lifetime cap. Lose your job and a single serious illness will bankrupt you for decades. Yeah, you can
go onto Cobra for a year or so for about $1200 per month per person, but how long can that last if you're out of a job. Lots of heath care workers don't even have health insurance, unless they're unionized. If you're conspicuously poor there are sometimes provisions, but anyone middle-class with a health issue who loses their job is gonna become poor really fast, because there's a huge gap in coverage for them until they're old enough for Medicare to kick in. It's easy enough to go from a modest six-figure income to outright homeless over a single health incident. Seen it happen plenty of
times around here, and we've got the strongest economy in the country.
a couple of years ago, it was $3000 - $3600 per month for very good coverage for my wife and I and our two kids.
How do people manage to afford these huge premiums and why is thought of as acceptable?
Steve.
Ehealthinsurance.com shows $500-1000 deductible plans in area code 90210 to be $842 - 1197.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1986 that mandated separated employees whose employers had been providing medical coverage be offered continued participation for up to 18 months -- 36 months in certain cases -- limited the administrative surcharge to 2%, not 10%.
So what is a deductible plan? Is it one which doesn't pay out fully but expects you to make up the shortfall?
That's still about ten times the amount I pay for NHS cover.
Steve.
I agree. He should stay on the subject matter related to APUG.
Also he said, " I work in Industrial lubricants for manufacturing. I get 10-15 products into the market per year."
That is a pretty impossible output for someone who just a few days ago claimed they make a living from shooting film.
Finally a post from you that we can all agree on.I am a rank amateur!
How do people manage to afford these huge premiums and why is thought of as acceptable?
Steve.
You're in a dreamworld if you think you will actually get a family program around here for anything
remotely resembling what you're describing, at least after you read the fine print. Insurance companies are about statistical risk and net profit. Just look what is going to happen to Colorado
home insurance rates after your big forest fires - they have to spread or zone out the increases.
The whole state could hypothetically be affected. Same here. We have a limited number of regional
trauma centers who can't pick and choose who to serve. The regular people pay for all the shot-up
gangbangers and drug overdosers from the bad neighborhoods in our big cities. And what if another significant earthquake comes along here, or some unexpected big tornadoes in Denver, out
your way. Somebody has to pick up the tag, and believe me, the ins companies have plenty of ways
of weaseling out of their obligations.
Finally a post from you that we can all agree on.
Now since you admit to being an amateur stop acting like you are smarter than everyone else on APUG.
Also please stick to the subject of analog photography.
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