Health insurance with zero deductible, what am I missing here?

[Merc009]

I got offered Bronze for $100 but only the first 3 visits are $65 then I pay everything out of pocket so F that.


Then silver for $150 which had a $6500 deductible, I was told I have to pay this amount and then my insurance would split the cost 80/20 with me. Say I break a leg and it costs $4k, thats all me until the amount reaches $6500


Then gold for $170 which had no deductible and it means the insurance pays for my stuff right away 80/20.

What am I missing here? Why would anyone get silver or bronze?

Explain this bs math to me

[hoop84]

I got offered Bronze for $100 but only the first 3 visits are $65 then I pay everything out of pocket so F that.


Then silver for $150 which had a $6500 deductible, I was told I have to pay this amount and then my insurance would split the cost 80/20 with me. Say I break a leg and it costs $4k, thats all me until the amount reaches $6500


Then gold for $170 which had no deductible and it means the insurance pays for my stuff right away 80/20.

What am I missing here? Why would anyone get silver or bronze?

Explain this bs math to me

More or less per month from your check?

[Dontoewsmebro]

Most people that get silver or bronze probably just want a low monthly premium, but that always comes with a high deductible.

The lower the deductible the higher the monthly premium. Usually, people that think they are generally healthy, and don't think they need to go to the doctor much, and just need to get basic services tend to get the silver or bronze.

[Merc009]

Most people that get silver or bronze probably just want a low monthly premium, but that always comes with a high deductible.

The lower the deductible the higher the monthly premium. Usually, people that think they are generally healthy, and don't think they need to go to the doctor much, and just need to get basic services tend to get the silver or bronze.

Well say you go to the hospital for stiches or a broken bone, wouldn't that completelly negate the savings from the monthly premium?

[Legacyx]

Well say you go to the hospital for stiches or a broken bone, wouldn't that completelly negate the savings from the monthly premium?

in your example 100% yes. usually its not that cut and dry but sometimes it is and if your IQ is above room temperature you can game the system that way.

pick your poison

[bigcat3655]

People who rarely use their insurance might come out ahead if they roll the dice for the silver or bronze plans. A lot of people at my job go with the cheaper plan when they're younger and switch to the higher premium plan when they get older.

[whitepaper]

The one thing I don't like about the US is the insane medical costs.


Insurance does nothing more than allow hospitals to charge obscene amounts that will in almost all cases cripple a family for a generation or two if you don't have the right insurance, and get hurt.

[BeanGainClovis]

Bro they just make this chit up, it's some wizardry bro

Gold, silver, bronze, it's some marketing execs in a boardroom

It's pretty clever, kinda like the olympics, don't you want the gold bro?

American healthcare is fundamentally corrupted by greed

Would just get the best insurance you can afford

Your health is more important than money

[BeanGainClovis]

Think about it bro, what are the differences between insurance and buying stocks?

What are the differences between betting on a horse and buying a call option?

It's all about mathematics and probability, calculating odds and minimizing risk

Insurance is a financial product, it's like a soda pop from a vending machine

You are betting that you will need medical attention at some point

As you get older, or if you have kids, you are gonna need medical attention

Problem is, while healthcare was once heavily subsidized, it's been corrupted into a get rich quick scheme

So now you need insurance to not die, the insurance companies, drug companies, and healthcare providers are in bed together

I say this as a completely uninsured man at the age of 26 with no kids and no complications that require medical attention

[Merc009]

Bro they just make this chit up, it's some wizardry bro

Gold, silver, bronze, it's some marketing execs in a boardroom

It's pretty clever, kinda like the olympics, don't you want the gold bro?

American healthcare is fundamentally corrupted by greed

Would just get the best insurance you can afford

Your health is more important than money

I want that gold bro, you're right

[LiftBigEatBig]

Sorry for my ignorance (Canada brah) but do you pay this amount out of pocket? Why is your employer involved? Are they paying a portion of it? Thanks.