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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81640  
Subject: Re: post cobra Date: 11/9/2011 8:59 PM
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madbrain writes,

I never heard that travel insurance was health insurance. If you have chronic conditions and take regular medications, I don't see how it could be the travel insurer's responsibility to cover that for you. When I travel, I always get refills for my meds before. I can get up to 100 day refills at Kaiser. They will not give me a 6 months advance, though. But I have never traveled for longer than that 100 days.

Said meds would cost ~$15k for 6 months without insurance, about the same for my partner's meds, so I doubt very much the travel insurer would cover them.

Obviously you're stuck if you have an expensive chronic illness. But there are a lot of people caught up in this pre-existing condition madness that feel fine and aren't on any medication, yet are taking it up the behind with their insurance premiums.

I personally know of three people who did the math, dumped their health insurance, took the risk for 6 months and then signed up with the Obamacare PCIP. One couple saved $15,000/year in premiums on the switch. Heck, the Wall Street Journal even said this was an option last year.


Advisers should make sure their previously uninsured clients apply for this new coverage. If a client is uninsured, any sudden health crisis could bankrupt them –lack of insurance is the number one cause for bankruptcy. Health insurance also gives clients more options and more leeway with their finances.

The only catch is that in order to qualify for the new low-cost plan, applicants can’t have held insurance during the previous six months. That means people who are paying giant premiums to be insured through their state’s high-risk pool have a hard choice: either spend six months uninsured and then switch over, or stay with their current plan.


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