Sunday, November 15, 2009

Economical Health Insurance insurance taxed

The most economical health insurance comes from your employer. It's good stuff, pays for everything for you and your family, and only costs a few bucks in co pays. Unbeatable.
However if you are self employed, un employed, or work for a small place that doesn't do health care, things get expensive fast. The insurance companies want about $12,000 a year for that kind of coverage. That's new car money, every year.
A better deal is "major medical" or "hospitalization" insurance. It doesn't pay for everything, just the break the bank stuff. You pay for everything else, office visits, prescription drugs, CAT scans, out of pocket. It's a good deal. The insurance only costs $3000 a year, leaving you with $9000 savings to cover the out of pocket stuff. Unless your health is really really bad, you won't spend $9000 a year.
Obamacare outlaws "major medical" insurance. Under Obamacare all insurance policies must be the $12,000 cover everything kind. If you don't buy it, Obamacare will sock you with a $2500 a year fine. In short, the Volkswagen health plans get taxed right along with the Cadillac health plans.

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