Wasn’t planning on financing, but…

mykoljay

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Cobra, youre still eligible. Doesnt matter if its 2k a month, a bargain versus payjng out of pocket.
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rugbysecondrow

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Me, I would flip that Bronco and take the extra cash. You can always buy another bronco, but you can't always make ways money at the exact time you need easy money.
 

Contact

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Honestly, I assumed I’d have another job pretty soon and wouldn’t need it, so I didn’t even try. Now, it’s all “preexisting” stuff and Cobra wouldn’t cover it.
Cobra should cover it if you're still eligible. You will have to pay the premiums for the month(s) that have lapsed, but it doesn't matter if it's preexisting as you're just continuing your health insurance. I've dealt with this issue with a lot of my employees benefits, so don't let someone with you're prior company tell you otherwise. They should have sent you a Cobra letter explaining the rules and such. Good luck.
You pay a couple of months premiums($2k). Deductible est $3-7k. That's roughly $5-$10k. One of the surgeries alone will be 10s of thousands.
 
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dwbronco

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there is no such thing as a pre-existing condition anymore in the insurance world. One of the few positives from the ACA
Because I used my "Bronco Fund" as a down payment on a second home, it looks like I may be financing the Bronco, after all. All the delays actually worked to my favor, as far as the second home goes. Now, I'm hoping for late '22 or '23 (or even more delays), just because of the money factor.
 

Balthezor

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Your body and health is limited. You can’t get more. It’s more important than anything. Take care of it first.

Anyone else think it's a great idea to make a big purchase like this after 2 (in my opinion major injuries) and being laid off? ACL surgery is no joke. It's months of rehab and a lot of pain. You won't be getting in that Bronco for a good amount of time. And the elbow, that's major too. Is it triceps, or biceps? Either way, no joke either. Lots of physical therapy and pain post op. Might need that cash you got saved up for actual essentials down the road even if Medicare pays for both surgeries. In the end, your not going to be working whether you want to or not.

Had a guy that had his biceps treated surgically 3 weeks ago. A week ago, he slipped in the shower and as a reaction used the same arm to grab the handle. Tore that sucker back out. Big surgery to fix that one again. Needed implants and grafts.

Sorry to hear about what happened, and I hope you have a quick recovery.
 
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pimpjuice

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Try PenFed. I signed up online and they have some of the best rates in the country.
 

SamG

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Easy to secure 1.99% APR over 72 months.
You should easily make 8-9% in the market with safe investments.

Financing IS a good idea
 

GoTigersGoBronco

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On your question, you can lie and get financed. A credit app asks for your employer and income. If you have good credit, you can likely get funded without POE or POI.
 

Glue Guy

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Sooo…. here’s my last 30 days.

I’ve been saving money for a few years, waiting for the Bronco. (Started the moment I saw The Rock driving that prototype in “Rampage”). Anyway, I’d saved enough to pay cash for this bad boy (which will be here sometime in the next 10-14 days), and then this last month happened.

1) Got laid off (“COVID reasons” 🤦🏼‍♂️🙄).
2) Tore a ligament in my elbow at the gym.
3) In a freak coincidence, a week later I completely ruptured my ACL playing soccer with some friends. (Surgery is next Wednesday).

So, now uninsured, I am forced to pay for two surgeries. I can probably hold off on the elbow one since I can still function, albeit painfully, with the jacked up elbow, but the ACL is a must repair ASAP. As such, I’m unable to look for new work until I can walk again, which is at least a few weeks to a month+ out, and I’m having to use up a big chunk of my saved Bronco money to cover the surgery/rehab costs.

Sob story, I know. Boohoo, poor boy wants his $60k Bronco and life happens. I wouldn’t feel bad for me either. Nevertheless, I’m hoping for some suggested financing options for a guy in my situation? Probably none, I know, but it doesn’t hurt to ask.
try Kind Health. https://www.kindhealth.co/
 

Corsair

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Sooo…. here’s my last 30 days.

I’ve been saving money for a few years, waiting for the Bronco. (Started the moment I saw The Rock driving that prototype in “Rampage”). Anyway, I’d saved enough to pay cash for this bad boy (which will be here sometime in the next 10-14 days), and then this last month happened.

1) Got laid off (“COVID reasons” 🤦🏼‍♂️🙄).
2) Tore a ligament in my elbow at the gym.
3) In a freak coincidence, a week later I completely ruptured my ACL playing soccer with some friends. (Surgery is next Wednesday).

So, now uninsured, I am forced to pay for two surgeries. I can probably hold off on the elbow one since I can still function, albeit painfully, with the jacked up elbow, but the ACL is a must repair ASAP. As such, I’m unable to look for new work until I can walk again, which is at least a few weeks to a month+ out, and I’m having to use up a big chunk of my saved Bronco money to cover the surgery/rehab costs.

Sob story, I know. Boohoo, poor boy wants his $60k Bronco and life happens. I wouldn’t feel bad for me either. Nevertheless, I’m hoping for some suggested financing options for a guy in my situation? Probably none, I know, but it doesn’t hurt to ask.
I also tore a tendon at my elbow, luckily it was at work. Got surgery just over a month ago. Hopefully you get it taken care of!
If it’s your bicep tendon, take care of it quickly, after a few weeks it become harder to repair. My surgeon was upset it took me a month before the process got me to him. He said the only ones he’s been unable to repair is after 2 months.
 
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_finack

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I'm real sorry to hear this. For those recommending COBRA, I've found it to be terribly expensive. Not as much as paying cash for surgery, for sure. But still a tough pill to swallow.
COBRA is expensive because the employer no longer subsidizes your health insurance. You pay the full premium.

Employment-based insurance is one of the many reasons the U.S. healthcare system sucks so bad.
 
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FloridaGal

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Seconding USAA, even if only one of your parents served or were a member of USAA you can start an account there. I got a 1.89% through them.
Did you line this up before you purchased? We have USAA and I was going to look into them but wasn't sure when to have the conversation with them. My build date is 10/18
 

Kmonty

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Two options: In order to qualify for Medicaid you must have less than a certain amount in savings/ checking, etc. most Medicaid can be back billed. Honestly if you can swing it, get the surgery, buy the bronco in cash, apply for Medicaid and see if they will back bill it to the surgery date. Medicaid will eliminate or close to eliminate the medical debt. You might need to research your states limitations. I know my state does at least 6 months of back billing. Then get your elbow fixed once you are on Medicaid.

The second option is to TALK TO THE BILLING DEPARTMENT. You fill out a sheet and your surgery could be completely or a good chunk can be written off. Certain requirement must be met, like lack of income. I would do it first before the surgery. You could do it after and I am sure they can work a deal out with you, but it’s nice to know what you qualify for beforehand. I know two people who discussed their financial limitations with their hospital. One got 100% written off the other got 80%. One was before surgery where the arrangement was made and one was after. Hospitals have funds for these kinds of things. It also helps lower their taxes.
 

Bronco_Giddy_Up

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America is expensive: most trained doctors come to the USA to study and go back home.I would look in international care. In India with 5 star hotel and full therapy and service u can get a hip replacement under $50k in the USA over $100k . South Korea also big on medical travel . They have a surplus of highly trained specialist doctors and in the western world u either fly to best one or deal with local one that can do it but eh he is ok . Cash is king overseas
 

Gamecock

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Two options: In order to qualify for Medicaid you must have less than a certain amount in savings/ checking, etc. most Medicaid can be back billed. Honestly if you can swing it, get the surgery, buy the bronco in cash, apply for Medicaid and see if they will back bill it to the surgery date. Medicaid will eliminate or close to eliminate the medical debt. You might need to research your states limitations. I know my state does at least 6 months of back billing. Then get your elbow fixed once you are on Medicaid.

The second option is to TALK TO THE BILLING DEPARTMENT. You fill out a sheet and your surgery could be completely or a good chunk can be written off. Certain requirement must be met, like lack of income. I would do it first before the surgery. You could do it after and I am sure they can work a deal out with you, but it’s nice to know what you qualify for beforehand. I know two people who discussed their financial limitations with their hospital. One got 100% written off the other got 80%. One was before surgery where the arrangement was made and one was after. Hospitals have funds for these kinds of things. It also helps lower their taxes.
You’re advising him to buy a $60k vehicle and apply for a welfare program for the poor to pay his bills, so we all pick up the tab so he can enjoy his new fancy ride…what a scumbag piece of advice. Filthy.
 
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