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Well, that's what the HD of HDHP stands for...high deductible, lol.
I think the deductible was $10,000, HSA eligible. Unless we had an unusual year medically we'd still save money on OOP costs with the HDHP plan. $12,000 a year for premiums (plus co-pays and deductible) or $3600 with the risk that we'd have to pay $13,600...yeah, that's a risk worth taking for us and most people.
No, that was the total premium cost of the plan for our family of 4. Actually I think it was $309. The coverage is comparable to the employer plan we have from work...co-pays for office visits and RX, etc. but no co-insurance, total OOP is the deductible, $10,000. The only items not covered (not an issue as we don't want/need them anyway) are: Maternity coverage, chiropractic, mental health.
So this is a back-up insurance for your other ins?
You might be surprised about the mental health part.
Well, that's what the HD of HDHP stands for...high deductible, lol.
I think the deductible was $10,000, HSA eligible. Unless we had an unusual year medically we'd still save money on OOP costs with the HDHP plan. $12,000 a year for premiums (plus co-pays and deductible) or $3600 with the risk that we'd have to pay $13,600...yeah, that's a risk worth taking for us and most people.
$5000 deductible...I know some plans consider that a 'high' deductible but it's not worth to pay the extra premiums just to get the lower deductible. Some employer sponsored plans have $5000 deductibles and those aren't even HDHP/HSA plans. I think ours is currently $2500 (up to two people) so could be $5000.
No, that was the total premium cost of the plan for our family of 4. Actually I think it was $309. The coverage is comparable to the employer plan we have from work...co-pays for office visits and RX, etc. but no co-insurance, total OOP is the deductible, $10,000. The only items not covered (not an issue as we don't want/need them anyway) are: Maternity coverage, chiropractic, mental health.
Guess what, a plan is a HDHP if it has a minimum deductible of $1,150 for self and $2,300 for self-and-family coverage. So yes a $5K deductible is considered "high".
So this is a back-up insurance for your other ins?
You might be surprised about the mental health part.
We had the policy quoted for several reasons but in the end we chose the company plan. It's good to know the options that are available and that there are affordable options for us out there. We looked at plans with lower deductibles or no co-pays but that's when it gets expensive. It doesn't even make sense, in most cases, to pay the extra for the 'better' plans when you can pay less overall for an HDHP plan. Granted, the plan costs vary greatly depending on where you live, but most people don't want to pay much OOP...they want low deductible and low/no co-pays, they want the Rx's covered, etc.....that makes the plans very expensive. By paying a little bit OOP you can save THOUSANDS on premiums, dump that money into an HSA to make your insurance coverage complete.
And thanks, but we're very mentally healthy. That's an area that we would feel comfortable risking not having coverage, understanding that if we did ever need it we'd have to pay OOP.
I was referring to the difficulty of getting insurance if you have pre-existing conditions.
Difficult but not impossible. If you have a spouse that has family insurance through his job then you can get coverage. If you don't have a spouse with a good job then perhaps there is not an option for you. My daughter has coverage and lots of pre existing conditions, before that she paid for COBRA. Hugely expensive but she made sure she did not lose her coverage. Some people may not have coverage right now but I am sure we will fix these things without screwing up health care for all.
Well, ar least Obama has told Dems to not try to jam through the old HC bill. He is telling them to wait for Brown to be seated and then try a smaller bill.
Obama urges lawmakers not to try to jam a bill through Congress
He deserves credit for that. Maybe the dems won't lock the republicans out of the next round table talks. We would love to see reform but not have to reduce our standard of living for it.
No, Republicans fought for status quo, and that is their "gift" to the nation. You'll just have to budget accordingly.
We did not fight for the status quo. The democrats in MA sent a very loud message regarding this insane bill. They have had enough and thank God some democrats can see through the facade of reform this bill was supposed to represent. We want reform just as badly as you do. So your gift to the nation would be to reduce the living standards of whomever makes a wage for your benifit.
We had the policy quoted for several reasons but in the end we chose the company plan. It's good to know the options that are available and that there are affordable options for us out there. We looked at plans with lower deductibles or no co-pays but that's when it gets expensive. It doesn't even make sense, in most cases, to pay the extra for the 'better' plans when you can pay less overall for an HDHP plan. Granted, the plan costs vary greatly depending on where you live, but most people don't want to pay much OOP...they want low deductible and low/no co-pays, they want the Rx's covered, etc.....that makes the plans very expensive. By paying a little bit OOP you can save THOUSANDS on premiums, dump that money into an HSA to make your insurance coverage complete.
And thanks, but we're very mentally healthy. That's an area that we would feel comfortable risking not having coverage, understanding that if we did ever need it we'd have to pay OOP.
Well good luck with you plan. I can assure you that your insurance company has statistically determined at what point any claims you make reach the point where you are no longer an asset. When that point is reached, that warm blanket will be abruptly pulled away. That is true of all of you that have private insurance coverage. That point could be relatively small or large, depending on how much you pay. Obviously the more you are willing and able to pay, the longer it will take to reach that limit. But they all have a limit. It's nice to think you are not accident prone or impervious to Cancer, but the fact is, you are susceptible to those and many other extremely expensive problems.
I don't have any government supplemental insurance.
I do have a private, premium paid insurance (by me) insurance.
No Medicare EVER for me
and how much does it cost you and what do you get for it?
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