Re:Why 23andMe Terrifies Health Insurance Companies
by jonknee on Wednesday November 27, 2013 @10:29AM
(#6808541)
> Your own link shows catastrophic plans are not really catastrophic plans - they cover all sorts of non-catastrophies like preventative care, a therapist, maternity, etc
... Only a percentage (60%) and only after you reach the deductible (in my area that's over $6k), which is how these sort of high-deductible plans work (and is what I currently have because that's what was available before the exchanges). Again, from my link:
> A catastrophic plan generally requires you to pay all of your medical costs up to a certain amount, usually several thousand dollars. Costs for essential health benefits over that are generally paid by the insurance company.
Unlike a high-deductible plan that you may have now, the new ones do provide for 3 primary care visits annually as well as preventative care (essentially screenings and vaccines which end up saving everyone money).
> Lastly my income is low right now since I'm building a startup, so 1% won't hurt me much.
Since your income is low you would qualify for a subsidy and likely be able to get insurance for little to no cost. Or you could be bankrupted by some bad luck and pay a penalty for the privilege.
... Only a percentage (60%) and only after you reach the deductible (in my area that's over $6k), which is how these sort of high-deductible plans work (and is what I currently have because that's what was available before the exchanges). Again, from my link:
> A catastrophic plan generally requires you to pay all of your medical costs up to a certain amount, usually several thousand dollars. Costs for essential health benefits over that are generally paid by the insurance company.
Unlike a high-deductible plan that you may have now, the new ones do provide for 3 primary care visits annually as well as preventative care (essentially screenings and vaccines which end up saving everyone money).
> Lastly my income is low right now since I'm building a startup, so 1% won't hurt me much.
Since your income is low you would qualify for a subsidy and likely be able to get insurance for little to no cost. Or you could be bankrupted by some bad luck and pay a penalty for the privilege.