wrote in message
...
On Mon, 4 Oct 2010 22:57:28 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Mon, 4 Oct 2010 16:39:25 -0700, "nom=de=plume"
wrote:


wrote in message
m...
On Mon, 4 Oct 2010 10:35:42 -0700, "nom=de=plume"
wrote:

According to you. Kids are allowed to stay on the parent policies
until
26.
Yes, there are always exceptions.

It is true that your 2o something can stay on the policy but it is
extra money. ($200 at Aetna)

As from a previous response... Did she suppose it would be free?


$2400 a year is far from free though and that is after tax money so it
is more like $2700. If your kid doesn't have a serious disease, it is
a horrible deal.

I have no idea what the actual cost of the policy is, but I do know that
nobody has a contract with God. Feel free to not have homeowner's
insurance,
fire insurance, flood insurance, etc.


I have fire, theft and liability but I dropped flood and windstorm ...
for the same reason.
If I keep the $4,000 a year they want for the insurance, I can cover
the 25 year storm (that is the break even point assuming maximum
payout and zero interest). Granted we have the contacts in the
construction industry that would allow us to make repairs quickly and
fairly cheap but I also have the ability to take he hit.
Insurance is like credit cards. It is a huge price you pay for not
saving any money in your life and becomes a trap.
I thought they were on the right track when they were pushing tax free
health savings accounts.

Well, again... you can afford to keep money in reserve. That's great, but
that's not very typical.

I'm on the fence about the HSAs and Flexible Spending accounts. You have to
pay them upfront and then if you don't use all of it you lose it. It's
pre-tax, but you have to be really good at estimating your expenses. I don't
use either, but I have the option.