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Strategies & Market Trends : Dividend investing for retirement
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To: John Koligman who wrote (29992)11/4/2018 5:23:27 PM
From: maverick61  Read Replies (2) of 34328
 
One guy's opinion?
Yes, that is what it is. From 2013 which is a lifetime in the healthcare industry. It is way out of date

One final item - I noticed in a prior post you mentioned 'skinny' plans as a possibility for Elroy. I went through the process at the United Healthcare website to apply - basically they say if you have not taken an Advil over the past five years they will issue you a policy, otherwise forget it. They also don't cover drugs, and have a yearly cap, so even with a policy if you have something significant occur you will potentially pay dearly out of pocket.
Well of course the coverage will not be as good and comprehensive. That is the trade off. Skinny plans provide coverage for what you believe you need in return for vastly reduced premiums. They are typically used to cover major medical costs / a catastrophic type care up to a certain limit depending on the policy you buy. They are not intended to cover day to day prescriptions, doctor office visits, etc. They are not for everyone but they are a good option to consider if you are healthy and comfortable paying for your routine medical care.

The skinny plans actually get back to doing what insurance was really intended to do - cover unforeseen catastrophic losses by pooling risk. Today's comprehensive plans are a bastardization of true insurance. As companies used employer coverage to attract employees, they added more and more benefits - doctor visits, prescription drugs, etc, etc and eventually the system has become unsustainable.
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