fob727
Well-known member
- Joined
- Dec 3, 2007
- Posts
- 318
Completely agree with you that paying 10% of your gross pay to medical bennies is a disgusting disgrace. It's just as bad as Continental not giving medical bennies for 6 months. Very sad. That being said, you can mitigate our medical plan issues by living a very clean lifestyle. It is a disgrace that you have to do this, but you can.
I am in no way saying this is right in any way for you, nor do I think it is right that I have to do this. However if anyone cares this is how I do it.
1. I am young, healthy, non smoker, and my wife has her own bennies. I use the least expensive medical plan we currently have.
2. I have an emergency fund that is large enough to cover the extreme deductible that goes along with this plan in case I get hit by a bus.
3. I also have a 6 month emergeny fund that could pay for all my living expenses for 6-12 months if I go on STD, LTD.
4. I put $700 (tax free) plus the company's match of $250 which will increase to $400 next year into my HSA to cover small issues. This takes care of very small issues.
This is how a very clean living can mitigate our very high health care costs.
So I pay $67/mo for my actual medical plan which is basically a just in case you get hit by a bus plan. This also only really works if you are single (or wife has bennies), healthy, and kids aren't in the plans.
Just some info for the new guys on the way here. Like I said, live debt free, and save as much as possible while you can for all the guys on the way here.
Sounds like you are living to work. Shouldn't it be the opposite?