Would you pay half your household income for health insurance?

Avatar for cmkarla
Administrator
Registered: 01-03-2001
Would you pay half your household income for health insurance?
5
Tue, 03-13-2012 - 8:26am

You think your health insurance premiums are high now-give it some time. According to Health Day News they may go way higher. Would you be willing to pay more than half your household income for health insurance? Where do you draw the line?

"According to their projections, the employee portion of the premium plus out-of-pocket costs -- not including what the employer has to shell out -- will equal about half of family income by 2031." READ MORE

Karla
Community ModeratoriVillage.com

iVillage Member
Registered: 09-09-2008
We have been paying so much already that nothing would surprise me anymore. We got hit for a 32% increase in premiums overnight last year and it went up even further this year PLUS it excluded a number of past benefits, too, plus appointment fees went up, as well. My DH gets our HMO insurance thru the small business administration, and this year he will hit 65 so he's already all set with Medicare, but I'll need to stay on what we have for a few more years. I hope we can trust Medicare, I take a few pricey non-generic meds, that's my main concern, nothing else works for me but those pills. Guess we'll find out about how good the coverage is soon. My best friend still cannot even afford any health insurance, I don't know how folks with kids do it.

 

iVillage Member
Registered: 01-03-2001
joannaran wrote:



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iVillage Member
Registered: 07-27-2000

Right now we pay about $1700 a month for the two of us and got word it's going up yet again, we were hit with a 32% increase about two years ago and quite a few items were dropped coverage at the same time.

 


~~joannaran~~

iVillage Member
Registered: 09-02-2003
I couldn't imagine paying that much! Honestly, I am grateful that we have funded healthcare here, and that my job benefits include additional health care coverage.

iVillage Member
Registered: 01-03-2001

That is plain obscene! I already pay a hefty premium for our Cobra (which rises every year sinply becasue we are alive and getting older!) and an equivalent one for Medicare (on top of what I paid into Medicare when I was employed) and then there is the long-term care insurance (just in case, because I do not want to have to bankrupt myself if we need that kind of care in future) and still there is co-pay and deductibles on top of that. I think we put out over $21000 a year as it is (close to 20% of what the IRS calls our annual income!) and we are relatively healthy!



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