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Saying you like your fraud insurance plan at $69 per month (Original Post) WonderGrunion Nov 2013 OP
ouch yodermon Nov 2013 #1
Me too! Agschmid Nov 2013 #2
I'm hoping someone with some graphic design skills can make a good FaceBook picture out of it. WonderGrunion Nov 2013 #3
Late 1990s - thirty no pre-existing conditions... self insured salin Nov 2013 #4

salin

(48,955 posts)
4. Late 1990s - thirty no pre-existing conditions... self insured
Fri Nov 1, 2013, 10:20 PM
Nov 2013

to similar rates of coverage I had when I had employer-based insurance (far better than today) = about $500 a month.

Low copays ($10-20), most prescriptions less than $10 to fill, low deductibles, no limits on coverage in a year and no "life time" limits (except for catastrophic coverage, this was standard for employer insurance, and individual insurance - but contributed to why so many were uninsured in absence of employer-based insurance.)

Nearly 15 years later - I can not fathom the parameters (high co pay costs, very high deductibles, and lifetime limits on coverage.) I can't imagine that any policy for $69 a month covers much of anything except catastrophic care (with a cap - leaving bankruptcy the only option in the event of an extreme health crisis.)

The term fraud insurance sounds like insurance against fraud. Maybe "faux insurance" is more apt. But the point is the same. The coverage for such a plan, insures very little and protects almost in no way against bankruptcy due to medical costs.

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