For thrifty consumers, there’s a lot to like in high-deductible health insurance. The plans offer low monthly premiums and those fees fully cover preventive care, including annual physicals, vaccinations, mammograms and colonoscopies, with no co-payments.
The downside is that plan participants must pay the insurers’ negotiated rate for sick visits, medicines, surgeries and other treatments up to a minimum deductible of $1,500 for individuals and $3,000 for families. Sometimes deductibles are much higher.
Let’s keep it civil.
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That’s the most infuriating part. You pay for it no matter what. You’re gambling that you won’t get sick and you can keep yourself healthy. But the thing this always ignores is the human body ALWAYS breaks down over time. We all need healthcare at some point, whether it’s for a surprise tumor, a pregnancy, or just getting old. You can do everything right and at some point you will still need to engage the system, either for yourself or for a loved one. You’re still going to pay for it.
But heaven forbid you pay for it out of your (shudder) taxes.
LIke 15% of the nation is working in healthcare if you include insurance and all the supporting industries. No wonder our health care costs are high. My medical bill has to keep 15% of the nation afloat and most of it ain’t going to the doctors and nurses.
Simplify the system, more doctors and nurses, fewer insurance executives. Single payer would do this.
Genuine question, because my liberal dad didn’t understand what I meant when I asked - isn’t a deductible basically just another tactic for the insurance company to further weasel out of its responsibilities? I’m pretty sure the deductible of the insurance I get through my job is higher than I already pay them yearly. If my expenses are lower than that, I’ve basically given them ~$1500 for doing literally nothing. I may as well just pay out of pocket, but I can’t since insurance fucked the system for the uninsured.
The idea with high deductible plans is that the ordinary policyholder just pays out of pocket for everything in a normal year, but they’re covered against catastrophic loss in years when they get in a $50,000 car accident or need $750,000 worth of chemo and cancer treatments. The insurance might not provide much for the 30 or 40 years of your life in which you spend less than $1,000 per year on a few doctor’s visits, but it’ll pay for itself that one year when you’re paying $5,000 instead of $1,000,000.
You call that a high deductible? I have a deductible that high and I’m being eaten alive by premiums! It never ceases to amaze me that people aren’t out rioting over this rampant thievery.
I thought that high-deductible health insurance plans were already the norm.
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I have an ACA high deductable plan. It is like a no brainer for me. In my state if you pay full cost, it comes down to how you want to phase in costs. High deductable is cheaper if your healthy or if your are very sick and reach the out of pocket max. In between it will depend on your exact details.
