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For reasons that I won't get into right now, I do not have health coverage. I am self-employed, so there is no coverage through an employer.
I am looking for a Focused plan/Catastrophic plan, and am wondering if anyone has a suggestion.
First, I know this will not be ACA-compliant, and second, this is not for illness. It's to protect me in the event of a bad accident, or something happening that will wind me up with a huge hospital bill.
The place I know to look are health-share ministries; these are perfect for what I need. Low-cost, reasonable ded., and will cover me in the event of a catastrophe. Problem is, they won't accept me, b/c I am Jewish.
I do not belong to a union/local, so there is nothing in that space for me. Does anyone have an idea of where else I can look?
In order to get catastrophic coverage, you have to be under 30 years old, OR qualify for a hardship exemption (such as being homeless).
Also, catastrophic coverage has high deductibles and high maximum out of pocket expenses AFTER your deductible is met - around $9,000 per year for out of pocket max, and often $8-10,000 deductible. So you'd be looking at up to $19,000 hospital bill, and that's WITH a catastrophic insurance plan, and doesn't include the cost of premiums or prescriptions.
Cheaper in most cases to just deal with the ACA and get a compliant plan.
I am looking for a Focused plan/Catastrophic plan, and am wondering if anyone has a suggestion.
Just to clarify, since you mentioned "not ACA compliant" I take it you're talking about those health insurance plans hawked as "Short-term", "Temporary", "Bridge insurance", etc.
Those plans come with so many exclusions, exceptions and gotchas that you need to spend time reading every line of the policy. Often you'll find they pay very little in the end and they may exclude so many pieces of care; kind of a Swiss cheese approach.
Just to clarify, since you mentioned "not ACA compliant" I take it you're talking about those health insurance plans hawked as "Short-term", "Temporary", "Bridge insurance", etc.
No - not those.
Quote:
Originally Posted by Ghaati
In order to get catastrophic coverage, you have to be under 30 years old, OR qualify for a hardship exemption (such as being homeless).
Not what I am seeing. May I ask where you are seeing this?
Quote:
Originally Posted by Ghaati
Cheaper in most cases to just deal with the ACA and get a compliant plan.
An ACA compliant plan for me is about $12k per year, with a 5 or 6k ded. Not at all worth it.
You need to give us some link or idea of what plan you're talking about.
If not ACA compliant, they are either:
Non-compliant short term, bridge, temporary, indemnity or similar limited health plans,
OR,
They are under the healthcare ministry exception.
For reasons that I won't get into right now, I do not have health coverage. I am self-employed, so there is no coverage through an employer.
I am looking for a Focused plan/Catastrophic plan, and am wondering if anyone has a suggestion.
First, I know this will not be ACA-compliant, and second, this is not for illness. It's to protect me in the event of a bad accident, or something happening that will wind me up with a huge hospital bill.
The place I know to look are health-share ministries; these are perfect for what I need. Low-cost, reasonable ded., and will cover me in the event of a catastrophe. Problem is, they won't accept me, b/c I am Jewish.
I do not belong to a union/local, so there is nothing in that space for me. Does anyone have an idea of where else I can look?
Thank you. But that's more than I am currently paying.
- but, you don't have coverage and you said you were looking for a health share ministry but you were Jewish:
Quote:
Originally Posted by riffwraith
For reasons that I won't get into right now, I do not have health coverage. I am self-employed, so there is no coverage through an employer.
The place I know to look are health-share ministries; these are perfect for what I need. Low-cost, reasonable ded., and will cover me in the event of a catastrophe. Problem is, they won't accept me, b/c I am Jewish.
$199 a month, quoted on the Refuah site, is very reasonable for health insurance these days and right in line with other health share ministries which you said were perfect for what you need. What's the problem with Refuah?? Low rate, very reasonable cost share and max out-of-pockets, designed for Jewish people.
Health-share plans can be good options to the ACA. Several here have had good success with them.
- but, you don't have coverage and you said you were looking for a health share ministry but you were Jewish:
$199 a month, quoted on the Refuah site, is very reasonable for health insurance these days and right in line with other health share ministries which you said were perfect for what you need. What's the problem with Refuah?? Low rate, very reasonable cost share and max out-of-pockets, designed for Jewish people.
Health-share plans can be good options to the ACA. Several here have had good success with them.
Sorry - mistyped. More than I am looking to pay, is what I meant. That's what happens when you are typing and simultaneously having a convo with your 7-yr old nephew.
That might be considered reasonable, but at well over $50,000 over the next 20 years (rates will increase) that's not what I am looking for. I appreciate the time, tho.
Sorry - mistyped. More than I am looking to pay, is what I meant. That's what happens when you are typing and simultaneously having a convo with your 7-yr old nephew.
That might be considered reasonable, but at well over $50,000 over the next 20 years (rates will increase) that's not what I am looking for. I appreciate the time, tho.
A single health problem or a minor accident could easily result in medical expenses in excess of $50,000.
It is highly likely that you will incur some medical expenses in the next twenty years.
If you are comfortable self-insuring these expenses, well . . .
L'chaim.
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