Although the money is never seen, the average employee pays a lot for their health care. Each week, workers see their medical insurance subtracted out of their wage checks. How much do we spend on health insurance? According the Milliman Medical Index, the cost to the individual for a family plan was $9,144 in 2013. In 2003, that cost was less than $1,500.
That got us thinking: What else could our hard-earned money have gone towards? Here are five other ways we would have preferred to spend our health insurance money.
5 Things That Cost Less Than Your Health Insurance…
1. A Used Car. There are several great options for used cars under $10,000. In fact, according to a recent article from AutoTrader, at that price range, there’s a full range of compacts, pick-ups, even a couple of luxury sedans to choose from.
2. A Two-Month Mediterranean Cruise. OK, it’s really only 55 days, but for $8,999, you can have an ocean view stateroom aboard Holland cruise line’s Grand Mediterranean Voyage that stops in at 34 ports including islands in Greece, Turkey, Italy and Israel. Best part, it conveniently leaves port from Fort Lauderdale, FL.
3. A Rolex. Sure, your phone may double as your clock, but nothing is as timeless as a classic watch. Bonus: A good timepiece can hold its value forever. A Rolex Oyster Perpetual can be yours for $8,895
4. A Tuscan Villa. This 18th century Tuscan farmhouse has been converted to host 14 of your closest friends. Each bedroom has its own en-suite bath, and a private chef is available to cook your meals as you bide your time strolling the olive gardens. From $2,724 to $6129 per week.
5. A Vespa. Want to capture the romance of Italy for more than a week or two? A 2014 Vespa GTV – a top-of-the-line model of these Italian scooters – can be yours for only $7,199. Need more reason: You’ll save money on gas – they average 70-90 miles per gallon.