They increase their fees significantly once you're over 55 years.
Long term prescriptions are not covered. So if you become diabetic after you join, and need a continual prescription of metformin, you won't get it. I assume the same goes for statins, etc.
If you have pre-existing conditions, you have to wait till year 3 to get it covered, and they limit to $25K/year for pre-existing conditions.
Seems decent if young, healthy and not on a good employer sponsored plan. Bad idea as you start to age. His argument is that if you save plenty per month by not having regular insurance, you can stuff/invest those savings for use later when you're older.
Gets less viable as you get older.
They increase their fees significantly once you're over 55 years.
Long term prescriptions are not covered. So if you become diabetic after you join, and need a continual prescription of metformin, you won't get it. I assume the same goes for statins, etc.
If you have pre-existing conditions, you have to wait till year 3 to get it covered, and they limit to $25K/year for pre-existing conditions.
Seems decent if young, healthy and not on a good employer sponsored plan. Bad idea as you start to age. His argument is that if you save plenty per month by not having regular insurance, you can stuff/invest those savings for use later when you're older.
That’s good info. I’m just glad to hear it sounds somewhat viable.