Tuesday, August 9, 2011

How much should health insurance cost me?

I am 22 years old, male, Student in college, homeowner, single
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Well, this is open to debate... The U.S. is about the only industrialized nation where health insurance costs anything out of pocket. Most other advanced nations have implemented universal health insurance a long time ago, so in those countries health insurance per se is free (i.e., the cost of it is paid by the government out of tax revenues)... On a more practical note, your insurance premium will depend on whether you want an HMO or a PPO, as well as on the deductible you choose. The lower the deductible, the higher the premium.
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