QUESTION: My husband's job does not provide health insurance. We had regular insurance for him until COBRA ran out. He went to a limited benefit health plan but the plan has gone under. Is there a plan, any plan, that would cover my husband? Indiana does have a high risk insurance pool - We'd have to pay about $800.00 per month for it - we can't afford it.
ANSWER: Your husband will not be able to purchase affordable health insurance until January, 2014, but with a little planning you can help him get there in good shape without health insurance and hopefully without huge medical expenses as well. To avoid catastrophic medical expenses over the next 3 plus years, you'll have to make sure that he watches his diet, keeps his weight down, and gets regular exercise. He also needs frequent doctor visits for preventive care. People without insurance usually cut back here and it's really stupid. He could see his doctor every month and your cost would be still lower than the insurance premium for a healthy man his age, Also you mentioned he takes the following prescription meds: Simcor, metformin, and trandolapril. The Simcor is a relatively expensive brand name drug for lowering cholesterol. It is simply the generic drug simvastatin including timed release niacin. Ask his doctor to prescribe the generic simvastatin and buy the niacin over the counter. You'll save over $100 per month doing it that way, Please read my article, 7 Ways to Get Cheaper Prescription Drugs.