RE: [IP] Insurance Increase for 2010
At 06:44 AM 10/1/2009, John S Wilkinson wrote:
>Yes it is better than Yours RoseLea. I do not have vision
>or dental coverage. My co pays are $20. for PCP and Specialist.
>Drugs are $10 $20 $30. $450 co-pay for hospitals
>$50 for Emergency Rooms. My insurance has not been going up
>more than 4 to 5 % a year. The cost is something
>That I planned for my retirement, but it has already gone
>past the figures that I had projected for 10 years of retirement.
>Now I am being told that long term care in nursing home will
>cost $70,000 a year in 5 years. I never made more than $60,000
>working my whole life. There is no way to pay for that.
My crappy policy went up 4-5% this year. I'm waiting for them to
tell me they no longer offer this coverage and I need to switch to
the $1,300 per month policy. Then we will join the uninsured because
we can't possibly afford that. That's the main reason I was hoping
for insurance reform. We are at the sole mercy (help!) of the
insurance companies. And, even though some states require insurance
companies to cover diabetes supplies, in Michigan there's no mention
of co-pays, etc. Just that they must cover them. So, the insurance
company could change your co-pays to whatever they want (40%, 60%,
90%?) and they can say they are following the law and covering
diabetes supplies. I agree with Stacey. All the insurance companies
care about is profit and the bonuses going into the CEO's
pockets. My own insurance company is a non-profit insurance company
and they don't pay any taxes on their "profits", yet they're
complaining now that they're not making enough money. So much for non-profit.
You can purchase long-term care insurance if you choose. I'm not
sure about premiums for that, I've never checked. Some states cover
nursing homes if you don't have money to pay for it, but you end up
in a state run nursing home rather than a country club nursing home.
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