Health insurance/therapy
4 years ago
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Comments (4)Would your son's condition qualify him for MediCaid? Health insurance is very tricky, especially when dealing with special needs. My husband is unlikely to ever stop working for our state government because of the health insurance. We have a son with autism and the insurance covered some of his therapies before he started school and we have a daughter with type 1 diabets which is more expensive than I could have ever dreamed. Good luck, you will need it!...See MoreNew widow needs health insurance
Comments (25)I read your link tom418 (which is to a blog, BTW), and I stand by what I said. There are many HDHPs available in Mass, but they do have to meet minimum standards. That by no means makes them "deluxe" policies, to use your term. For example, in order not to trigger the tax (or fine, if you prefer), a MASS HDHP: must not limit benefit payments because an individual develops Alzheimer's, mental illness, alcoholism or other chemical dependency after the policy is issued; it can't have a pre-existing condition limitation that lasts for more than six months after the policy's effective date; it must be guaranteed renewable or non-cancelable, etc, etc. Standards like these are a long, long way from demanding that people can only buy "delux" plans, which is what your post claims. What will happen and who will pay their health care costs if one or both of the Williams eventually develops Alzheimer's and their policy doesn't cover it and they, themselves, run out of money? Why should the rest of the taxpayers of Mass pay for them just because they opted for the cheapest type of insurance they thought they could get away with? Apparently, the plan the Williams couple has doesn't meet the minimum standards, but there's just no way to tell why from your link because no further info is provided. So given that you don't have the foggiest idea what their plan covers and doesn't cover, your question "In what way would a high -deductable plan (like the MA couple I mentioned had) be useless?" can be answered, "Don't know exactly, but maybe in a lot of ways."...See MoreHealth insurance has been stopped
Comments (14)This is what's wrong with an employer driven health care system. Wouldn't it be nice to know that if you were fired, you'd still be getting the same insurance for the same amount of money you were already paying? Obviously, the people who are afraid of universal health care are the ones that don't have anyone in their own family who are ill and don't understand the implications of what happens when an illness strikes. My daughter has diabetes and because of that, now has gastroperisis. Her husband left her and quit his job. So, I am paying for her Cobra although I am now earning 1/2 of what I used to due to the economy which is barely above minimum in some states. How are people supposed to survive? What if she didn't have me to help her out? She already used up her lifetime 5 bottle supply of free insulin. I didn't mean to hijack this thread but this makes me so angry, especially when so many people are uninformed and so insensitive....See MoreLong-Term Health Care Insurance and Single
Comments (30)We bought LTCI last year at the ages of 49 and 51, and we're glad we did. I did not go into this with eyes half shut. I did uncountable hours of research, attended seminars, talked to people, interviewed agents, etc. I'm the type of person who doesn't allow anyone to talk me into anything - period. We bought a great policy through an A++ rated company, John Hancock. The average age one should buy LTC is 60ish - before health problems begin and the premiums are outrageous if you can even get it with certain conditions. I wasn't waiting 10 years to do so especially since our premiums would double by then even if we remain healthy...but who knows how our health will be in 10 years. Sure, we're healthy now and healthier than our parents were at this age, but no one has a crystal ball to determine how our health and at what age, will affect us. I'm not taking chances knowing DH's parents history. We have no kids or family that will care for us should we need it now or later, and to put 100% burden on the other spouse isn't fair, IMO. And even if we did have kids, who's to say they would want to interrupt their lives to care for sick parents. As cruel as this sounds, I prefer not to care for my mother as she's a difficult one now and she's relatively healthy. This LTC is piece of mind for us. While humans are living longer these days, from my research, it states that a very high percentage of people will require some kind of nursing home facility and the average time is 2.5 years. Should that time come now or later, the insurance is already there to be used. If we were to invest $$ for a rainy day to use toward this, it will take A VERY LONG TIME to match what insurance money is available to us NOW. We hope to never have to use it, but good to know it's in place if we have to, and we're lucky enough to be able to afford it. I realize many cannot. There's much to know about the various companies offering this including their ratings, how their policies work with the options & riders offered, claims stats, etc., and then choosing what is right for each individual. While most people tend to not think about LTC or discount it all together, I really think more people should learn about it and give it serious consideration. (No, I don't sell it). Frankly, IMHO, your sister is wise in thinking about her elder years that way....See More- 4 years ago
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