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Old 06-21-2011, 07:32 PM  
sicone
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Join Date: Jan 2004
Location: Sac
Posts: 18,453
Quote:
Originally Posted by NikKay View Post
I go through Blue Cross independently and have high deductible insurance for my children. This costs me $65/month for my 10-year-old son and $80/month for my 16-year-old daughter. It covers 4 basic doctor visits per year (thanks to Obamacare; this did not used to be the case) and nothing else until I've spent $5k out of pocket. I keep $5k aside just in case something catastrophic happens. It sounds crazy - why pay for insurance that isn't going to cover anything unless something disastrous happens?

1. I save more than $5k per year in premiums which covers my $5k out of pocket. To date I have not spent more than a few grand out of pocket on actual healthcare expenses in a single year.

2. By simply being in the BCBS network I am given their negotiated rates if I stay in-network for our healthcare needs. For example, my son broke his arm and had to go to the hospital to have it reset. I got a bill for over $3k. I sent it to my insurance company, they adjusted the bill to their negotiated rates, and then sent it back to me saying they weren't paying any of it since I had not met my deductible. The new total I had to pay out of pocket? $800.

3. My family is very healthy and there are no preexisting conditions or monthly medication to be concerned with, so I literally only need catastrophic coverage. I can afford to pay out of pocket for annual exams, dental cleanings, etc... especially considering how low the negotiated rates are!

I don't know what state you live in, or what other special conditions you may be dealing with, but here is where I found my coverage: http://www.ehealthinsurance.com/
Thanks for the info, I'll be looking into it. My son does require monthly meds and I do have a preexisting kidney problem. Most likely why rates are so high for me when I get quotes.
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