We hear many times, that my rates went up. Or I cannot afford to have health insurance. I ask everyone, can you afford not to have health insurance?
Now, what everyone has to remember is for every benefit option in a plan there is cost associated with that benefit. Whether it be a new Federal Mandate ( such as preventative care in the PPACA). Or the privilege of having a co-pay when you see a doctor. Everything has a little price.
What I reccomend to most people first is to take the highest deductible you could afford if something happened to you. I prefer an HSA qualified product.
On the plan I have for example for Myself and family, I have a $5000 deductible HSA plan. I will pay the first $5000 for any claim, then I have 100% coverage after that. On this plan I will have to pay for doctor visits and prescriptions until I pay that $5000. I also have my HSA funded at $5000 so I can use that money for any qualified medical expense. I can fund the HSA up to $6100 per year, but believe that funding to the deductible is fine, as I am not trying to make it a retirement account. The HSA plan leaves me with a lower premium and lower out of pocket maximum that I would have on a more traditional plan. I do not mind if I have to pay $100 for a doctor visit.
I kind of try to treat my health insurance the same way as I treat my car and home insurance. My car insurance does not pay for my oil changes, but I still get one every 3000 miles. If my oven goes, I cannot claim that either on my homeowners insurance.
Just some things to think about when purchasing a health plan.
thanks for reading!