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Thread: what percentage of your income is spent on insurance?

  1. #11
    Senior Member dmc's Avatar
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    Feb 2011
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    Yep, $1550 a month. That does include limited vision and dental.

  2. #12
    Senior Member SteveinMN's Avatar
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    Mar 2012
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    Saint Paul, Minnesota
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    11.5% for us: health coverage (does not include copays/deductibles) for two, life insurance for two, property insurance (house, rental property, two cars), and an umbrella policy.
    Success is to be measured not so much by the position that one has reached in life as by the obstacles which he has overcome. - Booker T. Washington

  3. #13
    Senior Member
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    Jun 2015
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    4% of net income. Insurance is low here. My sister in another state just 460 miles away from me pays 5X what we do for everything except health.

  4. #14
    Williamsmith
    Guest
    ~5%...and 2/3 of that is term life insurance because my wife is really up the crick without a paddle if I predecease her. It's cheap to live where no one else wants to because of the severe winters and drive where there are no other cars on the highway. If we ever get single payer healthcare, that will go up to ~40%.

  5. #15
    Senior Member Teacher Terry's Avatar
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    Dec 2013
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    Nevada
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    5 years ago we were paying a fourth of our income on health insurance. Then I started working p.t. so it became a 6th before adding in the other insurances.

  6. #16
    Senior Member bae's Avatar
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    Nice.

    Just got the email today from our state insurance exchange folks:

    "Rates for the health plans certified represent a 24 percent increase over those available through the Exchange for 2017 coverage."

  7. #17
    Senior Member Teacher Terry's Avatar
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    Medicare for all would solve this problem. I am so sick of the politicians not actually fixing the HCI problem.

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