• Why are medical costs so outrageous?

    Best answer: There are any number fo factors that went into that $33,000 delivery. First, there was the room - that room has to be paid for regardless of whether someone occupies it or not - so hospitals must build in days when the room is vacant. Second, as part of that room, you have a number of health care providers on... show more
    Best answer: There are any number fo factors that went into that $33,000 delivery. First, there was the room - that room has to be paid for regardless of whether someone occupies it or not - so hospitals must build in days when the room is vacant. Second, as part of that room, you have a number of health care providers on staff - doctors, nurses, orderlies, etc. - these costs have to be included. Then you have hospital staff (billing departments, various administrators, security, etc.) - these costs also have to be built in. Then there is the cost of the building itself - these are also pretty much fixed cost which have to be paid for. Then add in uncompensated care - which in total adds up to about $100 billion a year - that gets added in to costs. And then finally you have insurance - insurance companies negotiate with hospitals (and other service providers) to price out services - for example, a hospital room in the US costs about $2,000 a night (this does not include any services - just the room and board) - imagine two people, one insured one uninsured - if the insurance company for patient negotiates a rate of $1,500 a night then the hospital makes it up by charging the uninsured patient $2,500.

    And this is why you get health insurance (as an aside, I was 'coptererd out last time I went to the hospital - the cost was $15,000, insurance picked up most of it, some was written off per agreement and I paid $150). And as a second aside, a not-so-recent study found that 25% of health care costs go to administrative fees (each insurance company has its own codes and own billing forms so hospitals doctors, etc. have to hire more people to do the forms, fills out government forms etc. If hospitals, doctors, etc. had one standard form to fill out, you could probably owner admin costs to 7 - 10% without breaking a sweat
    14 answers · 8 hours ago
  • What should I do if I turn 26 in August 2018, and don t have a job that offers health insurance? How do I go about getting it?

    My parents do not have insurance through the Health Insurance Marketplace Plan they have it through their work (I am currently on it). I went to college and then I traveled for a few years and now I m a sophomore in college (if it matters). I have a couple jobs but none of them are full time or offer health insurance.
    My parents do not have insurance through the Health Insurance Marketplace Plan they have it through their work (I am currently on it). I went to college and then I traveled for a few years and now I m a sophomore in college (if it matters). I have a couple jobs but none of them are full time or offer health insurance.
    11 answers · 1 day ago
  • $100/month for health insurance (dental + vision) worth it for a healthy 28 year old?

    Best answer: Hopefully, that $1200 a year is money thrown out the window.
    - something that you don't need to use.

    Young adults have accidents and, although less likely to have medical problems, this can occur. $1200 to safeguard against that is a fantastic price if it's ACA compliant coverage.
    Best answer: Hopefully, that $1200 a year is money thrown out the window.
    - something that you don't need to use.

    Young adults have accidents and, although less likely to have medical problems, this can occur. $1200 to safeguard against that is a fantastic price if it's ACA compliant coverage.
    12 answers · 3 days ago
  • Not sure what to do about health insurance?

    My boyfriend started working full time for the first time in January of 2017. By the end of the year he will have made just over 20,000 dollars so it will be his first time filing his taxes. He hasn t had health insurance the entire year. He just recently found out he can be fined if he doesn t have health... show more
    My boyfriend started working full time for the first time in January of 2017. By the end of the year he will have made just over 20,000 dollars so it will be his first time filing his taxes. He hasn t had health insurance the entire year. He just recently found out he can be fined if he doesn t have health insurance, and I ve read it isn t cheap. Yesterday he applied online for health insurance and was accepted, but still needs to pay the first fee so he can get his cards in the mail. Will he be fined for the year of 2017 for not having insurance? Or will joining for 2018 prevent this?
    5 answers · 11 hours ago
  • Does insurance company want to lose me?

    Best answer: They will most likely want to keep you as a customer.
    Best answer: They will most likely want to keep you as a customer.
    6 answers · 2 days ago
  • Why is insurance calling about no payment?

    I know my car insurance expired 2 weeks ago. I am not sure I will drive again due to health concerns and let my vehicle sit now. I got a call from my insurance company today to give them a call. Is insurance company just calling to hope I pay them again?
    I know my car insurance expired 2 weeks ago. I am not sure I will drive again due to health concerns and let my vehicle sit now. I got a call from my insurance company today to give them a call. Is insurance company just calling to hope I pay them again?
    18 answers · 6 days ago
  • Can someone please explain health insurance to me? Picture of chart included?

    Can someone please explain health insurance to me? Picture of chart included?

    Best answer: When you get paid every other week, there are 26 pay periods per year, so you figure the annual cost and divide by 26. If you get paid bi-monthly, you simply divide the monthly by 2. But you could still figure the annual and divide by 24 (2 pays per month - 12 months) to put it into perspective. The $94.85 is... show more
    Best answer: When you get paid every other week, there are 26 pay periods per year, so you figure the annual cost and divide by 26. If you get paid bi-monthly, you simply divide the monthly by 2. But you could still figure the annual and divide by 24 (2 pays per month - 12 months) to put it into perspective.

    The $94.85 is the monthly cost. Since you get 26 pays per year, multiply the $94.85 *12 to figure the annual and divide by 26 to get the per paycheck cost which is the $43.77. So, $43.77 comes out of your paycheck each payday, and that SHOULD be pre-tax as well.
    6 answers · 3 days ago
  • So it's possible to be too poor for assistance with Marketplace Healthcare coverage?

    Best answer: sorry, but true, you have to make over a minimum amount to get a subsidy
    Best answer: sorry, but true, you have to make over a minimum amount to get a subsidy
    12 answers · 6 days ago
  • My employer offers health ins with no employer contribution. Can I sign up my children only or do I also have to sign up? We are in Kansas.?

    Best answer: 99.9% of the time, you can't sign up your children only. You can look on your own to see if you can do better. If the employer's plan isn't affordable (look up the math) and your income is low enough, you could possibly get subsidies. But, if the employer plan meets the definition of affordable,... show more
    Best answer: 99.9% of the time, you can't sign up your children only. You can look on your own to see if you can do better. If the employer's plan isn't affordable (look up the math) and your income is low enough, you could possibly get subsidies. But, if the employer plan meets the definition of affordable, there are no subsidies available.
    6 answers · 4 days ago
  • My renter burned their kitchen, fire marshall said not safe to breathe the fumes. Am I liable to pay their expenses somewhere else? Wa State?

    Best answer: You aren't required to ANYTHING for your tenants...that's just reality. If the premises is deemed uninhabitable, you cannot charge rent for that time period and may have to let them out of their lease depending on local statutes. You aren't required to do ANYTHING to help them; you don't need to... show more
    Best answer: You aren't required to ANYTHING for your tenants...that's just reality. If the premises is deemed uninhabitable, you cannot charge rent for that time period and may have to let them out of their lease depending on local statutes.

    You aren't required to do ANYTHING to help them; you don't need to pay for alternative housing, you don't need to help with transportation or moving costs, you don't pay for their damaged property...I could keep going.

    Call your insurance agent...they can direct you further. You might get threatened by your tenants that they will sue you (assume more than one tenant in the building), but until you hear something from a lawyer (who wouldn't take the case anyway), you can rest easy.
    8 answers · 6 days ago
  • What do I do with homeowners insurance claim check?

    I currently have a check that was endorsed to myself by the mortgage company after an insurance claim was processed. Do I have to spend the entire check on the repairs? Do I have to do all of the repairs with a professional or can I do them myself? Insurance company is Florida Penninsula Mortgage company is... show more
    I currently have a check that was endorsed to myself by the mortgage company after an insurance claim was processed. Do I have to spend the entire check on the repairs? Do I have to do all of the repairs with a professional or can I do them myself? Insurance company is Florida Penninsula Mortgage company is Ocwen I have spoken to both companies and they are very technical with their answers. I guess I am looking for someone to dumb down how the process works so I can understand and not do anything I shouldnt.
    7 answers · 6 days ago
  • How can i find out if i have a life insurance policy?

    So six years ago right before my grandmother passed. She called my wife and to her that I had a life insurance policy. my grandmother instructed my wife not to tell me about the policy be she didn't want me trying to cash it in say if we fell on hard times. of course, my wife told me about the conversation. to... show more
    So six years ago right before my grandmother passed. She called my wife and to her that I had a life insurance policy. my grandmother instructed my wife not to tell me about the policy be she didn't want me trying to cash it in say if we fell on hard times. of course, my wife told me about the conversation. to which I replied, "yeah that sounds about right" never thinking for a minute that my wife would pass before me. well, now everyone who knew about this policy is gone. I don't even know the provider. does anyone know if it is possible to find out?
    12 answers · 1 week ago
  • Why am I being forced to pay for these doctors visits?

    Best answer: I'm so sorry you & a bunch of others get tricked by Drs., office personal & especially your shady insurance company. They love to play THE GOTCHA GAME. People shouldn't be fooled, but they love to allow this. With a single payer system this doesn't happen, but this country is so selfish they... show more
    Best answer: I'm so sorry you & a bunch of others get tricked by Drs., office personal & especially your shady insurance company. They love to play THE GOTCHA GAME. People shouldn't be fooled, but they love to allow this. With a single payer system this doesn't happen, but this country is so selfish they don't ever want to do that. Sorry about your other responses & how you got no sympathy; that's what happens on this site. They cheer on the insurance companies & love to blame the victim. Contact your State Insurance commissioner & file a claim, you might win because I did. It took awhile but I proved I was tricked just like you so I did not have to pay.
    10 answers · 1 week ago
  • Put wrong income for my health insurance application?.?

    I put my mom's income at 30,000 dollars even though I'm not sure. It's somewhere in that range though. What will happen?
    I put my mom's income at 30,000 dollars even though I'm not sure. It's somewhere in that range though. What will happen?
    5 answers · 5 days ago