Q. Example : If I made $500.00 per week in Canada how much goes for taxes, insurance healthcare etc. People say that you pay more taxes in Canada because of the healthcare system. I wonder if that is true? Disregard the exchange rate, we'll not consider that being much different. I know here in the USA you can expect to pay nearly 20-25% of your check in taxes. Then you have to pay for deductables and co-insurance and then the insurance co. still only pays up to 80% if your lucky after you pay an out of pocket amount of $1000.00 to $2500.00 depending on what insurance co. and plan you have. Please let me know as much detail as possible. Thanks
A. Actually CRA has a calculator, but you should know that each province has a different rate of provincial tax.
Here is the caculator:
http://www.cra-arc.gc.ca/eservices/tax/business/pdoc-e.html
I would suspect that each state also has its own rate of tax, so it might not be that easy to make a comparison.
Here is the caculator:
http://www.cra-arc.gc.ca/eservices/tax/business/pdoc-e.html
I would suspect that each state also has its own rate of tax, so it might not be that easy to make a comparison.
What are the proposed deductibles and co-insurance levels under the government run plans under consideration?
Q. What are the proposed deductibles and co-insurance levels under the government run health plans currently under consideration by President Obama and congress?
I thought I could do a quick Google search but I cannot find an answer to this? Are there any details or proposals on this?
p.s. I am looking for a fact based answer to this, not political spin one way or the other.
I am surprised that there are not even any ballpark figures here.
Anyone have anything even remotely specific to go on?
I thought I could do a quick Google search but I cannot find an answer to this? Are there any details or proposals on this?
p.s. I am looking for a fact based answer to this, not political spin one way or the other.
I am surprised that there are not even any ballpark figures here.
Anyone have anything even remotely specific to go on?
A. There are no details yet. If you want, have a look at how much they are in the Netherlands, Switzerland and Taiwan which have similar systems to what Obama wants to bring in.
FACT - Insurance companies in the USA admit to pushing up prices, buying politicians and not paying out claims when they should
FACT - PER PERSON the USA spends more on healthcare than any other nation on the planet
FACT - Obama debated his plans before the election for healthcare
FACT - the chance of a child under five of dying in the USA is greater than industrialised nations with universal health coverage
FACT - Obama was elected by the American people to bring in change
FACT - Obama wants to stop insurance companies from screwing the American people
FACT - The reforms Obama wants work in the Netherlands and Switzerland
FACT - Insurance companies in the USA admit to pushing up prices, buying politicians and not paying out claims when they should
FACT - PER PERSON the USA spends more on healthcare than any other nation on the planet
FACT - Obama debated his plans before the election for healthcare
FACT - the chance of a child under five of dying in the USA is greater than industrialised nations with universal health coverage
FACT - Obama was elected by the American people to bring in change
FACT - Obama wants to stop insurance companies from screwing the American people
FACT - The reforms Obama wants work in the Netherlands and Switzerland
How does health insurance work in terms of payment?
Q. Let's say there's a family, and there's three different prescriptions for different medications within the family. Let's say the Dad is paying for health insurance. Do you just pay for health insurance once, when you register for it? Do you pay $20 monthly? Does the price you pay go up when you add more medications? I'm confused.
A. When you get health insurance, there is what is called a premium. This is the amount you pay on a scheduled basis. For instance, if you get insurance through your employer, you would pay your part of the premium each payday.
If you pay your premiums on time, you get to keep your insurance. Now, when you use your insurance, there is what is called a deductible. This is an amount of money you must spend before the insurance starts paying anything. A typical deductible might be $250/year for the policy holder and $500/year for the family. So, if your dad had the policy and went to get a prescription, if it was his first prescription of the year and it cost $100, he would pay $100. Every time he used stuff under the plan, he would pay everything until he hit the $250 deductible, then the insurance would kick in. (the same goes for the family coverage, until the $500 was met by everybody in total - not separately - you would pay 100%).
Now, once the deductible is met, the insurance starts picking up some of the costs...usually the costs are based on what doctor or provider you use. If you use someone who is called "in network" the insurance company pays more of the bill. They do this because they have negotiated lower costs with that provider. For example, let's say you need to have some tests done and your family has met all your deductibles. Let's also say the tests normally cost $200. If you go to an in network provider, the insurance would cover 80%. If you go out of network, the insurance might only cover 70%. Now the nice thing is, by going in network, you get the discounted price, let's say $160. So, if you go in network, you would pay $32 for the tests and the insurance would pay $128 (totaling $160). If you went out of network, you would pay the 30% of $200 or $60 and the insurance company would pay $140. So, by staying in-network, both you and your insurance company save money.
Also, there is something called an out-of-pocket maximum. This just means that if someone in your family gets real sick or injured, the most you can pay for that year is the out-of-pocket max...say $5,000. Once you hit that, everything after that is covered 100% by your insurance and you don't pay anything.
Last, there is a co-pay - what this means is that if you go to the doctor for a routine visit, it is usually covered without worrying about the deductible and you pay just the co-pay. usually this is $15 or $20 on say a $100 office visit and the insurance company pays the rest (based on a negotiated amount).
And that's the short version of how insurance works.
You can use this site.
http://top-usa-health-insurance-comparator.blogspot.com/
to compare various health insurance providers at your place.
If you pay your premiums on time, you get to keep your insurance. Now, when you use your insurance, there is what is called a deductible. This is an amount of money you must spend before the insurance starts paying anything. A typical deductible might be $250/year for the policy holder and $500/year for the family. So, if your dad had the policy and went to get a prescription, if it was his first prescription of the year and it cost $100, he would pay $100. Every time he used stuff under the plan, he would pay everything until he hit the $250 deductible, then the insurance would kick in. (the same goes for the family coverage, until the $500 was met by everybody in total - not separately - you would pay 100%).
Now, once the deductible is met, the insurance starts picking up some of the costs...usually the costs are based on what doctor or provider you use. If you use someone who is called "in network" the insurance company pays more of the bill. They do this because they have negotiated lower costs with that provider. For example, let's say you need to have some tests done and your family has met all your deductibles. Let's also say the tests normally cost $200. If you go to an in network provider, the insurance would cover 80%. If you go out of network, the insurance might only cover 70%. Now the nice thing is, by going in network, you get the discounted price, let's say $160. So, if you go in network, you would pay $32 for the tests and the insurance would pay $128 (totaling $160). If you went out of network, you would pay the 30% of $200 or $60 and the insurance company would pay $140. So, by staying in-network, both you and your insurance company save money.
Also, there is something called an out-of-pocket maximum. This just means that if someone in your family gets real sick or injured, the most you can pay for that year is the out-of-pocket max...say $5,000. Once you hit that, everything after that is covered 100% by your insurance and you don't pay anything.
Last, there is a co-pay - what this means is that if you go to the doctor for a routine visit, it is usually covered without worrying about the deductible and you pay just the co-pay. usually this is $15 or $20 on say a $100 office visit and the insurance company pays the rest (based on a negotiated amount).
And that's the short version of how insurance works.
You can use this site.
http://top-usa-health-insurance-comparator.blogspot.com/
to compare various health insurance providers at your place.
What is the difference between Health Insurance and Health care Program?
Q. Is it OK to have just the health care program and not have the Health Insurance Plan? I can get Health care program for half the monthly premium as compared to the Health Insurance Plan. Please advise? Is it advisable?
A. You don't say what country you are in, your age, or anything much else.
It doesn't matter what these are called. You have to compare:
What doctors you can see (any doctor? one in their network?)
What kind of doctor you can see (do you have to go to a primary care physician first, before you can see a specialist?)
Whether hospitalization is covered
What is the deductible (the amount out of pocket before they pay anything each year)
What is the co-pay (the amount you pay each time you use the insurance)
How likely are you to use the benefits?
Then make up a situation - you fall off a bike and break your arm, or you catch something serious. Figure out how you will benefit from each plan. If you live in states, check out this site to find the cheapest health insurance just in one minute,
http://cheap-health-insurance-usa.blogspot.com/
Here you can get free quotes from different health insurance companies in your area, its the best way to find an afforable health insurance with a reliable company.
Best Wishes,
It doesn't matter what these are called. You have to compare:
What doctors you can see (any doctor? one in their network?)
What kind of doctor you can see (do you have to go to a primary care physician first, before you can see a specialist?)
Whether hospitalization is covered
What is the deductible (the amount out of pocket before they pay anything each year)
What is the co-pay (the amount you pay each time you use the insurance)
How likely are you to use the benefits?
Then make up a situation - you fall off a bike and break your arm, or you catch something serious. Figure out how you will benefit from each plan. If you live in states, check out this site to find the cheapest health insurance just in one minute,
http://cheap-health-insurance-usa.blogspot.com/
Here you can get free quotes from different health insurance companies in your area, its the best way to find an afforable health insurance with a reliable company.
Best Wishes,
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