Message Font: Serif | Sans-Serif
No. of Recommendations: 4
In my opinion, the rapidly rising cost of health insurance is the scariest thing facing us. My husband is self-employed and we have to provide our own insurance. Each year the insurance company jerks the premiums up nearly 20%. We do have an HSA and currently have over $11,000 in it. We contribute the max, and don't withdraw from it. But it does seem that we are paying more and more for insurance, and getting less and less covered. GRRRR.............

This is very true, and there's a good reason for it.

Compare your "health insurance" to you car insurance. Not just in cost, but in how often you have a claim that will be covered and in the dollar amount of the typical claim.

Then compare the process by which most people select a "health insurance" company, to the process by which they select an auto insurance company.

Insurance should be there to protect you against events that are financially devastating. And one of the factors in selecting an insurer should be the price of the insurance.

"Medical insurance" in the US mostly doesn't meet either of those criteria.

And we'll have problems with it until it does.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.