Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas suburbs. “I devoted all of my resources to keeping our heads above water.” But while Sener never got her degree, that student loan kept growing, fattened by compounding interest.
It’s outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I’ve spent $6,000 - on service - monthly premium payments don’t count. Then insurance covers 80% of medical expenses after that. Unless we’re talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.
It’s outrageous. My employer pays around $1,200 per month for my insurance. I pay another $400 per month. Then I pay for all medical services until I’ve spent $6,000 - on service - monthly premium payments don’t count. Then insurance covers 80% of medical expenses after that. Unless we’re talking about my kids. I have to spend $16,000 out of pocket before insurance starts to pay for their stuff.