Help understanding insurance

Okay so after asking my dad's co-worker or supervisor the cost of adding a member to the insurance plan was around 700$ per month I was shocked and disappointed.

So I checked my school's insurance plan for part-time students and found that it cost 1720$ from January 15,2013 till August 14, 2013. Not bad

Anyways I checked the DME which stated

"Durable Medical Equipment, a written prescription
must accompany the claim when submitted. Benefits
are limited to the initial purchase or one replacement
purchase per Policy Year.
($1,000 maximum Per Policy Year) (Durable Medical
Equipment benefits payable under the $1,000
maximum are not included in the $1,000,000 Maximum
Benefit)
See also Benefits for Orthotic and Prosthetic
Appliances.
90% of PA 60% of U&"

Can anyone explain what all this means like I am five years old? Thanks. Is the coverage any good? Because I saw 1,000 maximum per policy year and I automatically thought this was the most in amount I would get (That does not even cover the cost of an ASV machine!) Anyone please explain

Yeah, that plan through the school I don't think will meet your needs if I'm understanding it right...which as someone new to this game I'm not sure I am, so hopefully someone more experienced will be by soon and take pity on us youngins. Are you sure that's not just the out-of-pocket cap though? This is confusing isn't it. There should be along with the insurance information a number to call for people who are looking to sign up. They can definitely try to explain things. I have called BCBS a few times to ask questions about coverage questions myself.

Have you looked at healthcare.gov (if you're in the US)? The plans I saw there were actually fairly decent, but the one through my work was better and offered an HSA that I'm trying to understand how that works currently. Since you're a student I'm guessing odds are decent for you to be able to get the subsidies too....my engineering paycheck is just a bit over the cutoff for those, but I think as a student I would've gotten a large subsidy. Although if you're still living with your parents you may not qualify as it goes by household income for the subsidies. It's worth a look to see though!

Well I did try healthcare.gov and they wanted to give me medicaid. Isnt that the worst of them all. My parents make a low amount of money. My dad gets 13$ an hour for a full time job and my mom works under the books. I get 12$ at 24 hour work week. Isn't student aid better than medicaid. I do not mind paying more because my aunt whom I live with and who is retired has a pretty big backup amount of money

I forgot to mention I probably do not need a new ASV machine but I do need a titration study. Does titration study fall under DME

sleepinow wrote:I forgot to mention I probably do not need a new ASV machine but I do need a titration study. Does titration study fall
under DME

No

Nothing wrong with looking at what Medicaid has to offer...it's there to help people with low incomes, so take advantage of it if you need to.

RogerSC wrote:Nothing wrong with looking at what Medicaid has to offer...it's there to help people with low incomes, so take advantage of it if you need to.

+1

I would life the best for what I can afford and I know how to save money well. So would the student aid be better or should I go to medicaid. I want whichever one will cover more in terms of sleep apnea

You need to call both and ask. Every student health policy is different.