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I just found out today that my payments will almost double, also.
Previously, I had the very cheapest health coverage my company offered. It is no longer available now.
So, instead of paying $883 per year for coverage (for myself only) I will be paying $1,572 per year.
HOWEVER, my previous insurance had a $5,000/year deductible. I rarely go to the doctor, and just had basically catastrophic coverage.
With the new insurance I have to get, my deductible is only $1,250. Big difference from $5,000. No way would I ever meet that $5k deductible in a year, but I might meet the $1,250 if I start going to the doc, like I SHOULD be doing.
I just found out today that my payments will almost double, also.
Previously, I had the very cheapest health coverage my company offered. It is no longer available now.
So, instead of paying $883 per year for coverage (for myself only) I will be paying $1,572 per year.
HOWEVER, my previous insurance had a $5,000/year deductible. I rarely go to the doctor, and just had basically catastrophic coverage.
With the new insurance I have to get, my deductible is only $1,250. Big difference from $5,000. No way would I ever meet that $5k deductible in a year, but I might meet the $1,250 if I start going to the doc, like I SHOULD be doing.
So, overall, I have a much better deal, now.
DO you have a much better deal now?
Did your copays increase? Prescription prices increase?
You don't state your age, but if you are young, you shouldn't be meeting deductibles anyway. My 22 and 24 year-old kids go to the doctor only when necessary, and that's been twice.....in the last 5 years. Sure, if something happens that requires you spending more than $1250, you'll be okay. But I don't buy auto insurance with the thought I'm going to have an accident.
Essentially, you took a pay cut of $689 a year with your new insurance. What if the rates increase next year to $1790 a year? Once again, another pay cut.
I just found out today that my payments will almost double, also.
Previously, I had the very cheapest health coverage my company offered. It is no longer available now.
So, instead of paying $883 per year for coverage (for myself only) I will be paying $1,572 per year.
HOWEVER, my previous insurance had a $5,000/year deductible. I rarely go to the doctor, and just had basically catastrophic coverage.
With the new insurance I have to get, my deductible is only $1,250. Big difference from $5,000. No way would I ever meet that $5k deductible in a year, but I might meet the $1,250 if I start going to the doc, like I SHOULD be doing.
So, overall, I have a much better deal, now.
ETA: sorry, misread your post. Thought it was monthly, not yearly.
Last edited by brentwoodgirl; 10-16-2013 at 02:59 PM..
I just found out today that my payments will almost double, also.
Previously, I had the very cheapest health coverage my company offered. It is no longer available now.
So, instead of paying $883 per year for coverage (for myself only) I will be paying $1,572 per year.
HOWEVER, my previous insurance had a $5,000/year deductible. I rarely go to the doctor, and just had basically catastrophic coverage.
With the new insurance I have to get, my deductible is only $1,250. Big difference from $5,000. No way would I ever meet that $5k deductible in a year, but I might meet the $1,250 if I start going to the doc, like I SHOULD be doing.
So, overall, I have a much better deal, now.
Quote:
Originally Posted by ntwrkguy1
DO you have a much better deal now?
Did your copays increase? Prescription prices increase?
You don't state your age, but if you are young, you shouldn't be meeting deductibles anyway. My 22 and 24 year-old kids go to the doctor only when necessary, and that's been twice.....in the last 5 years. Sure, if something happens that requires you spending more than $1250, you'll be okay. But I don't buy auto insurance with the thought I'm going to have an accident.
Essentially, you took a pay cut of $689 a year with your new insurance. What if the rates increase next year to $1790 a year? Once again, another pay cut.
Still convinced you have a much better deal?
In my opinion that's one only an insurance actuary could answer. I never saw the inside of a hospital until I was 43 or so. However in the next 10 years I would guess I wracked up at least $100,000 in hospital bills and my son did the same. Now I am on a winning streak so you really don't know.
You're not "saving" $3750. You are limiting your exposure, perhaps, but you're not pocketing $3750.
A healthy person shouldn't hit that kind of deductible. I'm willing to bet that in the last 10 years, I haven't spent $3000 on my own health care.
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