Insurance companies Are only allowed 1 % profit. The real problem is the cost of hospitals, anesthesiologist, cancer treatments, etc. Companies are forcing employees to pay a larger share of benefits while covering routine cate, major treatments , and IVF.

@Anonymous Link to that rule? They are subject to the 80/20 rule, I have never heard of the 1% cap and they certainly have higher net margins. One of the reasons premiums go up so much is that they must spend 80% on medical claims, so the insurers themselves have interest in letting claims grow in order to justify raising premiums and thus increasing the total amount of that 20% they are left to work with.

They probably wanted to raise the premia presciently, knowing what was to come. Insurance develop models for the future and don’t react after the fact.

What more can you want to know - this is one of those families leading the life you’d like to lead. They’ve got it all on the outside and nothing on the inside. I’m trying really hard to appreciate what I have - it’s not grand on the outside, but it’s fine, but its really meaningful on the inside. I read a great article about change . Going to see if I can find it and will share here. I lost my job during the pandemic, but I rebounded. And im ok, maybe better. Make changes.

np: I have a second beach home and our DC goes to a private school and my DH doesn't sleep with others. Sometimes it just is what it is. I went through some very difficult years and I imagine there will be difficult years again. Just stay in your lane. Be grateful for what you have whether it's a little or a lot.

@Ananonymous Per month.

And those are not great plans. If you actually need to use your insurance and see doctors it’s so, so much more.

@OP. I get it. I pay for my own insurance too. It’s very expensive. I wish there were better options.

The difference is that those folks were in “high risk, high reward” industries. This pandemic is hitting lower to mid socio-economic classes disproportionately

Not necessaily true. Lots of first - third year associates were laid off. They never had a chance to pay off student loans. Law is not a high risk/high reward career. But I knew someone would say that the finance bros and their spoiled families shouldn’t get any empathy. However many never found another job and were devastated. I hope you aren’t the OP.

^ and the less specialized workers are much more likely to find another job. The 28 year old former law associate often had to leave law for good. The 42 year old IBanker never found anything. Scores of support staff were laid off too - neither high risk nor high reward. Get out of your bubble.

Yes, we are in the range boat, where we recently moved to an expensive downtown neighborhood for the good schools and now we find ourselves barely hanging on after dh lost his job and hasn't been able to find anything else yet. Everyone around us are either in their country homes and we haven't so much as left the city since January and I feel sad, depressed, but just trying to be hopeful that something gives and we don't lose our apartment at least since we're just about out of our savings.

Hi SuperMom. It’s Op. I hope things work out for you too. We have not been able to pay rent in months. Mercifully NY has passed a ton on non eviction orders. We had very little saving left prior to this for the reasons I posted about below. Had been pretty much cleaned out by insurance and medical costs.

Thank you! I hope the same for you. We're only 1 month behind in rent, but it's a horrible feeling to be in this situation and I'm in constant fear that our landlord will try to get us out once the eviction laws expire. Did you try for Medicaid? We did and it helps to at least know that our health costs are taken care of, even if everything else is not. *hugs*

Small business owners in fitness

I am really sorry.