Quote:
Originally Posted by Orruar
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Except that covering 3 doctors visits per year is not what I'd call catastrophic. Also, they are required to cover a whole range of things related to maternity and pediatric care that I don't want in a health insurance plan as it only increases premiums with no benefit for me. I'm basically paying for other peoples' kids at that point. Real catastrophic coverage plans were the norm back in the day, but in the past few decades, they have been slowly regulated out of existence. And due to the various tax benefits of receiving insurance through my employer, the insurance closest to catastrophic coverage is not even competitive with my more luxurious plan. I'm paying for it in hidden costs (reduced compensation) that I cannot recoup by switching to one of the Obamacare plans.
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The catastropic plans also cap a max out of pocket expenses per year. Meaning that anything truly catastrophic is going to be covered at that point.
I mean, I don't want to pay extra for pregnancy covereage or shit I don't need either. Nobody does, but that's just the way it is. You don't get to pick and choose every little thing you want in your coverage. If you could it would probably be even more expensive. Again, I disagree with the hidden cost factor, because I highly doubt someone like you or I would see much of what our employers are currently paying wind up in our direct compensation if they didn't have to pay it.