What is your deductible on your form insurance?
I read that most people are paying as much of $1000 or more on their medical care until that time insurance will pay a dime. They have huge deductibles and copayments as lofty as $75.00.
My copayment is only $5 and I have no deductible, which make me very happy. How in the order of you?
we pay going on for $300 a month for the premium - it covers 80-20% on large items (meaning a hospital stay will cost us 20% up to $1000 deductable) and we pay going on for $5-7 co-pay per prescription. Still worth it since husbands meds cost about $2000 a month without insurance.
Answers: Most people buying their own insurance (not through an employer) go for big deductible plans to save money.
As an broker I have my insurance through my wife's work and we pay $400 per month for a family of four beside a $1,000 deductible 70/30 co-insurance and no copay. No copay means doctor visits count towards the deductible afterwards we pay 30%.
For most people if you add your total cost of your insurance the high deductible comes out as a better value.
Add your premium + deductible + co-insurance = total cost.
90% of populace with insurance get smaller amount than $1,000 in benefits per year. Meaning most people don't travel to the doctor enough to even meet the glorious deductible.
If this formual does not work for your plan you should check with a few other carriers, some carrier have bad rates for illustrious dedutible plans others have great rates.
$200 ded. 15%copay, $5000 out of pocket max per year; runs me going on for $78 a month.
What Kind of insurance do you enjoy and how do I get it! I have a 500$ deductable and 20$ copay for 352$ a month!!