I wanted to actually try Mr. Pilzer’s suggestions before writing this but I just haven’t been able to get to it. I will post my results later when I have.
The biggest challenge this book presents is that you actually have to pay attention to your health insurance. This is something that I, and I’d say most Americans, have never really done. I have insurance through my employer. There’s something about a deductible and that’s about all I usually know.
Until something happens, that is. I really woke up to this when two things happened. I broke my thumb over the summer. This required surgery and follow up appointments which racked up quite a bill. In the end, the whole ordeal cost well over $5K! And, miraculously and somewhat mysteriously, my insurance paid all but $109. That’s all I had to pay.
Then in October I decided that I wanted to strike out on my own. I quit my job, set up a consulting business, and immediately started worrying about health insurance. For me, this detail is even more worrisome than taxes.
For the time being, we are on my wife’s insurance but frankly it’s not a very good plan and it’s quite expensive. I planned to find individual insurance as soon as I could anyway and now I feel a lot more confident about this process thanks to Pilzer’s book.
In the first place, this guy is excited about health insurance. I really have never encountered anyone with so much enthusiasm for this, to me, mind numbingly boring topic. His excitement really comes through in the book. Under most writers I wouldn’t make it two paragraphs into this subject before falling asleep. But Pilzer keeps the reader’s attention with his enthusiasm.
It also helps that the text is often interrupted with charts, text boxes, subheading, etc. All of this drags you along as he explains his rather simple solution to rising employer health care costs.
His solution, and I’m not spilling the beans on him here because it’s right there in the title, is to leave your traditional employer provided healthcare plan. He argues that things are such now that obtaining individual insurance is actually cheaper and can provide better coverage for healthy individuals than under the old system of employer provided insurance.