Thursday, January 21, 2010

Whats the fuss about health insurance premiums for the young?

I am 29 years old and a plan of health insurance with a $1,200 deductible with 100% coverage after will cost me $146/month with Blue Cross and Blue Shield of Illinois.

$146/month would provide me with a $1,200 deductible for the calendar year.  Once I were to meet the deductible than Blue Cross will begin to pay 100% of further charges in the year.  The cost is only to go lower if I am to raise the deductible.

$146/month....

I currently pay Verizon Wireless $146/month for my cell phone service, and am not making a fuss.  The money I pay verizon allows me to talk on the phone, text and email to my friends and contacts.  Some pay more, depending on service contracts.

If I present someone an insurance plan for $146/month with a deductible above $500, it seems to become the end of the world for that individual. However, the $146/month will protect their life, if there is an accident or illness.  What's the deal?

I recently had bought a new car that cost me $18k.  I have been in only one car accident 5 years ago, and the cost that I was paying then was around $90/month for a $1,000 deductible.  The total repair of the accident was $1,100.  I have never received a speeding ticket, and I am currently paying $160/month for car insurance policy with a $1,000 deductible.  $160/month...  I am not making a fuss.  I wish it could be lower, but in order to drive the car I need to have car insurance and $160/month was the best price I could get. I am sure there are many who pay more.  Are they making a fuss???

I just wanted to point out that we currently pay premiums to insure automobiles that do nothing but depriciate in value, as well as paying premiums to cell phone carriers.  But when it comes to paying a premium for health insurance, there become a big fuss.  Why?  Is your life not more important than your car or your Blackberry?

Why all the fuss?????

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