No. of Recommendations: 1
You might want to increase your deductible.
This is the highest deductable plan they offer at $2500/year/person.
It also requires a 30% copay on everything up to a maximum of $7500/year, but allows a lifetime benefit of up to $5M.
I show the rate for a single 50 year old in Tier 1 as about the $200 you mention. The $500 I will pay is for a couple.
So in the case of our hypothetical 60 year old in tier 5 paying $2550/month for insurance:
They pay the first $2500 on everything. On the next $17K of expenses they will pay another $5000, and after that, up to $5M they pay nothing. Anything over $5M, they pay:-)
Not to laugh, but I was talking to my insurance agent, and her daughter racked up $2M in medical bills due to a fall down the stairs:-(
--Alan
Print the post  

Announcements

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.
Advertisement