Posted on 02/22/2010 7:15:35 AM PST by SeekAndFind
Absolutely!
I’ve spoken with several employees at Whole Foods Market, they love their plan and the HSA’s.
A liberal at a Tea Party protest said that the poor hicks in Central PA were too stupid to be able to manage a Health Savings Account. Captures the liberal mindset in a nutshell.
I know it’s off-topic but if Lautenberg cannot finish his term I’d love to see Gov. Christie appoint Bret Schundler to finish it.
My husband is self-employed. When I quit my job at a bank several years ago, we opened and HSA and got a high deductible health insurance policy. ($5,000.00) At that time, premiums were low so we thought it was a great idea. Two years later, our premiums had doubled. The first year I thought it was because I had broken my ankle and needed surgery but the second year, we hadn’t used the insurance at all. Sooo we found a new health insurance company with the same HSA deductible. We love this company but this year our renewal was another $100.00 a month. It will be well over $600.00 a month plus we will pay the first $5,000.00 should we need medical care! We don’t mind paying for our own health care BUT this has gotten ridiculous to where we were almost ready to drop it but we are in our 50’s and you just never know so instead we are upping our deductible to $6,000.00 which will keep the premium almost the same has it had been last year! So if you put the $6,000.00 in your HSA and pay your yearly premiums of $6,000.00, that’s $12,000.00!
HSA’s and high deductible insurance were centerpieces of the Whole Foods CEO’s proposals that got him and his company attacked by the loony left.
Of course they’re the way to go. Actually the “Whole Foods health care plan” was a really excellent proposal, I wouldn’t change anything in it, but I’d add tort reform, interstate insurance competition, allowing mutual insurance companies into the health insurance business, and allowing people to form insurance buying coops to negotiate big-group rates for themselves or their employees (a boon to the self-insured, and small business owners).
“potentially financially devastating event that isn’t likely to happen”
I hate comments like this.
My family had a potentially financially devasting events that happened to us.
First, I got pregnant with twins. I was on bedrest for 2 months, and in and out of the hospital. The cost for my care alone was somewhere around $50K and this was 13 years ago.
Then, the twins got sick with RSV when they were 6 weeks old. One of them was on a ventilator for an entire month. The other one has a brain injury which has caused seizures, speech problems, etc. Both of them have suffered with bad asthma throughout the years. I think their initial hospitilization was around $250K (13 years ago).
I think on average we probably have spent 10-20K a year on healthcare for our girls.
We have great insurance.
The odds were we would never have any problems like we have. Our twins were identical, so the odds of that happening is around 1 in 300 births. Then the chances they would almost die from RSV are even slimmer.
Insurance is supposed to be about covering people in unlikely events that can’t be paid for. Likely events are easy to plan and save for.
“It is ONLY about furthering government control...”
Truth be told...the RINOS would love to have this thing pass...and then take the House and Senate in 2010. They would then have a lot of power to play with.
The Dem-Republican Good Cop-Bad Cop con routine is the longest running, most successful play of that con anywhere in the world.
The real game is DC versus Flyover Country. It does’nt come to an end until all in Flyover Country finally get it. IMHO, they are just starting to wake up.
I have an HSA through my employer’s plan. It’s a very high deductible plan (and thus low premium). Most of my expenses come from the HSA funds.
We’ve found that we pay significantly less than what our insurance company would pay because we are doing so in cash. The service providers almost always give us a big discount since we are paying on the spot and they don’t have to worry about dealing w/ the insurance bureaucracy.
You are absolutely right: we way over-insure in the current system. Limit insurance to catastrophic coverage only, and utilize HSAs for the small stuff. My guess is that would solve the majority of our problems and would lower costs dramatically.
Dream on!
All you’ll get from this administration is more taxes and less healthcare.
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