[TheForge] Marginal Blacksmithing Question

[Jim Pigott]

In most states they can, and will, deny coverage. Groups under 50 cannot be
denied but rated to up to 67% of the healthy coverage cost, making it
prohibitive. If you are moving from a group plan to another plan, and have not
been without coverage for over 63 days, then you cannot be denied.
A newer option is called a Health Savings Account (HSA). You can buy a high
deductible plan, minimum $2000 for a family and max deductible of $5260. The
attractive part of this is you can set up a HSA account and fund the entire
deductible with tax-deferred dollars each year. You can pay costs of Dr.
visits, prescriptions etc from this account and the money is never taxed and
what you don't spend each year accumulates until retirement. Most people fund
the account with the savings from the higher deductibles. If you are healthy
for a few years the HSA account can have more than enough accumulation to more
than cover the deductible. I forgot to mention, the HSA account earns as much
as 4% interest. The HSA is not a good idea for anyone unhealthy though. It is
just a great way for the healthier to save some of the premium without giving
it all to the insurance companies
If anyone wants more information go to www.hsainsider.com and check out the
"HSA road rules for everyone".

Jim Pigott
601-982-1791 office
866-729-3539 fax
601-540-6030 cell
jpigott at vbaonline.com
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-----Original Message-----
From: theforge-bounces at mailman.qth.net
[mailto:theforge-bounces at mailman.qth.net]On Behalf Of terry l. ridder
Sent: Thursday, January 06, 2005 2:07 PM
To: Sponsored by ABANA
Subject: Re: [TheForge] Marginal Blacksmithing Question

hello;

On Thu, 6 Jan 2005, Phil wrote:

--- Ries Niemi <rniemi at fidalgo.net> wrote:
ries>
ries> > Health insurance costs can vary wildly by location,
ries> > age, and
ries> > pre-existing conditions.
ries>

phil> <snip>
phil>
phil> What is the impact of pre-existing conditions on the
phil> cost of insurance?
phil>

the insurance premiums are increased exponentially.

while they cannot legal deny you insurance based on past or
pre-existing conditions they can make it cost prohibitive.

phil>
phil> Thanks
phil>
phil> Phil
phil>

--
terry l. ridder ><>
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