Indemnity Dental Insurance

If a 50 year old american wants a good comprehensive health insurance policy, how much will it cost?

If he wants a plan for himself and his family. Father age 50 in good health Mother age 50 in good health Son age 20 in good health The coverage they want must pretty much cover anything they want medically from doc visits to exams, to hospital stays, surgery fees, any dental work and cleaning, etc..etc.. at 80%. In other words the plan must pay 80% of anything its used for and the copay is 20% up until the family spends a maximum out of pocket per year of $1,000. Once the copay reaches $1,000 coverage is 100%. The lifetime max payment per insured is $1,000,000. So...does anyone know or have a guess as to how much this man will have to pay to buy this type of insurance? someone told me the premium per year could be like $18,000 or more. They are kidding....right? How much would a someone in Britain pay in premiums to have similar coverage?

Public Comments

1. Just shop around for the best policy. Insurance companies will compete for your business. Do not trust the government for health care!
2. A quick check though suggest to me that $18,000 a year would be for some sort of super "cadillac" plan that has 100% coverage beyond the deductible. It should be possible to get some sort of reasonable plan for $7000-8000 per year figuring actual good health without any known family medical issues. I saw one plan with UnitedHealthOne called "Copay Select 100 - 1000" that sounds very similar to what you describe, except with a lifetime maximum of $3 million per person. For the people you described, it shows a quote of $678/month. Obviously no quote is accurate completely without the appropriate tests and stuff required by the insurance company. When you consider what the point of "insurance" is, that's a steal of a deal for just starting on the program that late in life. For insurance to exist, someone's got to be paying in more than they use. Those people are the under 40 people who generally don't need many medical services, so the premiums of paying insurance from age 20 to 40 or 50 are what help offset the money insurance companies lose on people past age 50 as they start needing more medical needs. I can't speak for Britain except to say that they pay for those medical services in the form of taxes throughout their entire working lifetime. Generally speaking it sounds like most people pay 10% of their income in the form of a National Insurance tax. That seems cheap as one gets older compared to private insurance plans, but it's quite expensive for people in their young years. And it's for a system that has a 10-14 month wait on things like hip and knee replacement surgery compared to wait times of only a couple of weeks in the US.
3. health-quotes.talk4fun.net - here is my health insurance plan. As I remember they can provide such a service.