Insurance policies

The tale of two insurance policies

I know everything seems to be spiraling out of control right now, but sometimes we all need a little reminder.

This is the story of two health insurance policies. It’s a great story that can help your less informed friends understand what their health insurance options are or could be.

The two policies in this story are insurance policies that people pay out of their regular salary. In exchange for their premiums, they get a policy – a promise that if one of a number of events occurs, the policyholder will get the benefits listed in their policy.

Both are insurance entities that are funded by the premiums people pay.

But there is a big difference between the two policies in our history. (Please forgive my oversimplification. I want to make a point, not get lost in the weeds.)

Policy 1 is configured as follows:

They can cancel you at any time

They can change the terms of the policy at any time, including doubling your deductibles.

If you file a claim, they deny it and bury you in paperwork. MAYBE you will get paid, maybe not.

They can charge you as much as you want for your premiums

They work with an additional cost of 20%. Millions of dollars of that money goes straight into the pockets of the insurance company executives.

Policy #2 is configured as follows:

They can’t cancel you

They only change the terms of the policy to keep up with changes in medicine

If you file a valid claim, they pay it.

Costs only increase as much as the cost of living

They operate with an overhead of around 3.5% which pays the salaries of the regular people who work there. There are no executive bonuses.

In my case, policy #1 (my current insurance) costs $1,200/month with a $4,000 in-network deductible and a $9,000 out-of-network deductible.

Policy #2 would only cost me about $320. Without franchise.

Wouldn’t it be great if you could get policy #2? I mean, who wouldn’t want better coverage for less money??? I bet you are already asking where you can sign up!

So why don’t I have policy #2? I am not of age. Because for some insane reason no one can explain to me, you have to be 65 to get Medicare.

Stay with me. I’ll do the pension insurance next!

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I don’t want a mint deep state in my doctor’s office

Burn it all! MAGA! Don’t step on me!

I would order a pie, but I can’t afford it because of my health insurance