Just don’t want to go bankrupt. Texas – United Health Short Term Medical Insurance

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Again, this is for Texas. Just got off the phone with a insurance broker. He gave me a range of options, including the UNHC Short Term Medical Plus Elite A plan:

  • to cover my family for $311/m for 12 months,
  • $12k/person deductible (can do per person deductible between $1000 and 12.5k),
  • I’d pay 0% coinsurance after deductible.

When it’s that cheap, you question it.

I like the price, compared to similar deductible Bronze plans that are $1000. I get we’d have to pay 100% out of pocket for most things, that’s fine if we are saving $8k in premiums for the year.

We are all healthy up until we are not, I get that, and understand if we become severely ill or injured we have to pay up until the $12k/person deductible. We are budgeting for that.

Please correct my assumptions:

  • If I’m in a car accident and it’s a life saving emergency, they take me to the nearest out-of-network hospital, it’s covered since it life saving, but they will need to transfer me out to an in-network facility for rehab. I’ll be paying out of pocket until I hit my deductible of $12k, then UNHC will cover 100% of everything from there.
  • Similar case: If I get cancer midway through the 12 months short term health contract, I’ll pick up the tab for the first $12k (deductible), they’ll get anything above that deductible 100% through the end of the contract. After the 12 month contract ending 12/31/2021, I’ll have to get regular insurance starting 1/1/2022, which I believe in Texas they’ll take me even if I have cancer (or some other pre-existing condition).
  • Worst case scenario I need to be prepared to pay no more than the family annual deductible (3 ppl x $12k = $36k). I just don’t want to go bankrupt with $100k medical bills.

Thanks in advance.

submitted by /u/Eddie-Spaghetti
[link] [comments]
Again, this is for Texas. Just got off the phone with a insurance broker. He gave me a range of options, including the UNHC Short Term Medical Plus Elite A plan:
to cover my family for $311/m for 12 months,
$12k/person deductible (can do per person deductible between $1000 and 12.5k),
I’d pay 0% coinsurance after deductible.
When it’s that cheap, you question it. I like the price, compared to similar deductible Bronze plans that are $1000. I get we’d have to pay 100% out of pocket for most things, that’s fine if we are saving $8k in premiums for the year. We are all healthy up until we are not, I get that, and understand if we become severely ill or injured we have to pay up until the $12k/person deductible. We are budgeting for that. Please correct my assumptions:
If I’m in a car accident and it’s a life saving emergency, they take me to the nearest out-of-network hospital, it’s covered since it life saving, but they will need to transfer me out to an in-network facility for rehab. I’ll be paying out of pocket until I hit my deductible of $12k, then UNHC will cover 100% of everything from there. Similar case: If I get cancer midway through the 12 months short term health contract, I’ll pick up the tab for the first $12k (deductible), they’ll get anything above that deductible 100% through the end of the contract. After the 12 month contract ending 12/31/2021, I’ll have to get regular insurance starting 1/1/2022, which I believe in Texas they’ll take me even if I have cancer (or some other pre-existing condition). Worst case scenario I need to be prepared to pay no more than the family annual deductible (3 ppl x $12k = $36k). I just don’t want to go bankrupt with $100k medical bills.
Thanks in advance.
submitted by /u/Eddie-Spaghetti [link] [comments]Read Morer/HealthInsurance

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