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Is $500/month too much?

H

HappyPuppy

Lifer
Yup, hit the Enter key by mistake.

Anyway, we have healt insurance throught my wife's employer. It has been raised to $500/mo. for the 4 of us. Is that high?
 
That is cheap compared to my family's health insurance. Between my parents, myself and brother, we are talking about $10,000 per year.
 
For $500/mo. I'd dump it and look for a cheaper Major Medical plan. I mean, hell, $500/mo?? That's like a doctor visit PER DAY along with medication! And a trip to the emergency room (maybe once a year?) is about $1000 or less (only 2 mos' premiums). I'd forego that and get a major medical plan so big stuff you're covered for. Should be much cheaper.
 
Originally posted by: HyTekJosh
That is cheap compared to my family's health insurance. Between my parents, myself and brother, we are talking about $10,000 per year.
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:Q:Q:Q:Q:Q:Q:Q:Q
 
Yeah that's high.

Mine recently went up to $140 a month for family coverage.

$10 each visit for medical. Good dental and eye coverage included.
 
if you are paying the whole thing, that is about right, if her employer is paying most of it, that is too high
 
Originally posted by: HappyPuppy

Anyway, we have healt insurance throught my wife's employer. It has been raised to $500/mo. for the 4 of us. Is that high?
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Yes it's high, until someone has a serious injury or disease.
The bills for my hospitalization, surgery, follow-ups and other treatments were in the hundreds of thousands.
I am extremely glad that those medical premiums were deducted from my pay for all those years.

 
Originally posted by: conjur
For $500/mo. I'd dump it and look for a cheaper Major Medical plan. I mean, hell, $500/mo?? That's like a doctor visit PER DAY along with medication! And a trip to the emergency room (maybe once a year?) is about $1000 or less (only 2 mos' premiums). I'd forego that and get a major medical plan so big stuff you're covered for. Should be much cheaper.
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Im assuming HappyPuppy has young kids.

Major medical and young kids doesnt go together.
 
I pay about half that for myself, wife, and child. I have a HMO plan through my job. If I had to get insurance outside of work I would be paying around $500-$600 a month.

Edit: I should change that. $500-$600 would be for a PPO. If I went to an HMO it would go over $1000 easily.
 
Originally posted by: BurnItDwn
hmm ... thats uber expensive .... I pay like $30 a month .. (for just myself .. and its a crappy HMO though ..)
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Consider yourself pretty lucky. I know many people who have just *catastrophic* plans that are roughly $110 a month -- and that just covers major medical issues -- not regular doctor visits.

 
After I was seperated from my previous employer, the COBRA plan which would provide me and my family the same medical and dental care that we had been receiving was going to be $1,050 a month. :Q :Q :Q

 
yeah, thats way too much. my wife and i were paying $450(work plan), and they tried to raise it again. we jsut dropped it, and found the same coverage for $315.
 
Originally posted by: HappyPuppy
Yup, hit the Enter key by mistake.

Anyway, we have healt insurance throught my wife's employer. It has been raised to $500/mo. for the 4 of us. Is that high?
Click to expand...

What is the deductible?

 
You need insurance. I think you have to evaluate your options though. What does this plan offer that a lesser does not? Do you even have that option? Buyer beware.

Cyberian is right though. It is a chunk of change, but a couple of days in the hospital is all it takes to make you wish you had kept paying premiums. You also have to consider the potential cost of treatments for yourself and family members outside of an inpatient setting.


Too much? Yep, but too costly not to have it, based on the limited info we have.
 
Originally posted by: digitalsm
Originally posted by: conjur
For $500/mo. I'd dump it and look for a cheaper Major Medical plan. I mean, hell, $500/mo?? That's like a doctor visit PER DAY along with medication! And a trip to the emergency room (maybe once a year?) is about $1000 or less (only 2 mos' premiums). I'd forego that and get a major medical plan so big stuff you're covered for. Should be much cheaper.
Click to expand...

Im assuming HappyPuppy has young kids.

Major medical and young kids doesnt go together.
Click to expand...

But for $500/mo?? Even with 2 or 3 kids under 10 and several visits to the Dr. each month and medication and it still wouldn't hit $500 (considering even with the insurance there will still be co-pays and deductibles.) That's what I said get a major medical plan and it would probably be 1/3 of that.
 
Originally posted by: conjur
$500/mo. for a family of 4? I would hope there's no deductible and no copay on anything! Wow! Ouch!
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we pay 379.19 every two weeks for health insurance (including dental and vision) for family of 4 (that's the part that covers me and the kids, the company pays the other part, 450+/month), 1000 deductable, 30.00 copay. that works out to 821.58/month. 500 would be wonderful.

 
Originally posted by: anno
Originally posted by: conjur
$500/mo. for a family of 4? I would hope there's no deductible and no copay on anything! Wow! Ouch!
Click to expand...

we pay 379.19 every two weeks for health insurance (including dental and vision) for family of 4 (that's the part that covers me and the kids, the company pays the other part, 450+/month), 1000 deductable, 30.00 copay. that works out to 821.58/month. 500 would be wonderful.
Click to expand...

For 2 years of my self-employment I had a plan thru Anthem for myself (and my daughters) and then my 1 employee. I paid about $400/mo. TOTAL. I deducted the premiums for my employee out of his check and that was about $120/mo. so I was paying $280/mo. for a 90/10 plan with no deductible.
 
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