Question by Jess: Buying health insurance, need some advice?
My nephew has been diagnosed with a bleeding disorder. My brother and his wife are both self employed but earn too much for Medicaid and government run disability programs. They always bought their own insurance. But after his son’s condition the insurance gave them an estimate of $ 2300 a month in order to buy a plan for their kid. This is because his medications are extremely expensive. My brother said it costs about $ 160K a year. My brother doesn’t know what he should do. He needs his wife at his office so her getting another job is not really an option because they couldn’t afford to pay someone for that kind of job. My brother is devastated because if he is supposed pay that much for insurance he might as well go on wellfare. I find it ridiculous that two hard working people like this can’t afford to buy insurance for their sick kid in this country. Does anyone know what they should do?
Oh and they’ve been shopping around and that’s the lowest rate they got.    Read more...