BoringlyGood.com is a health care website operated by Lifewise Health Plans of Oregon. Lifewise offers individual and family health insurance plans in Oregon and Washington State. In addition to the health care plans you will find an odd collection of photos, videos and articles. Hence the name boringly good. Continued below…..
If you saw the ad on television chances are you are looking for a good health care plan or possibly a medicare supplemental insurance plan.
While heath insurance costs are rising, they still form a small percentage of overall household spending. Even ‘entertainment’ edges out health insurance by two percentage points, and clothes purchases match health insurance at 3 percent.
But there’s a kernel of truth to the idea that health insurance isn’t that expensive at least when compared to other stuff. (In these troubled economic times, that’s probably a small consolation.)
But as a percentage of total household spending, insurance is surprisingly low on the list. In fact, the typical family allocates just 6 percent of its income to insurance, and that’s including all of the major types: car, home, health and life.
Health insurance in particular weighs in at a mere 3 percent, according to the U.S. Department of Labor. Compare that to transportation costs, which account for a whopping 16 percent of household expenditures, and health insurance starts to seem like a relative bargain.