I'm looking for some opinions on the importance of an unlimited lifetime maximum in an individual health insurance policy and how to determine if the additional premium for a policy with that feature is worth it.
My choice is between a $3 million lifetime maximum and the unlimited. The premium difference is slightly over $4,000 for the next policy year. The premium for the unlimited lifetime maximum policy is 73% higher than the premium for the $3 million maximum policy.
I have had a HIPAA policy for the past two years. There was a 24% rate increase after the first year and a 33% rate increase after the second year.
It seems between 55-65 health insurance is AWFUL! My premiums have increased 200%
I pay $425 a month....have a $5,000 deductible & no co pay. So, if I do need to see a doctor it is $100-$200 per visit PLUS my monthly premium. Ouch! I am afraid of HMO's ever since my boss was not allowed a low cost power chair even though she had lost both legs. They would not deal with anyone who had HMO insurance.
I am 61 & usually only need to see the doctor once a year. Am I missing a better deal somewhere??
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