(Closed) Health insurance meltdown

posted 7 years ago in Wellness
  • poll: what is your health insurance like?
    $500 deductible or less : (5 votes)
    18 %
    $1,000 deductible or less : (7 votes)
    25 %
    $3,000-$5,000 deductible or less : (8 votes)
    29 %
    no copay : (4 votes)
    14 %
    20% copay : (3 votes)
    11 %
    >20% copay : (1 votes)
    4 %
  • Post # 3
    Member
    7293 posts
    Busy Beekeeper
    • Wedding: October 2011

    Wow , I’m not insurance expert but that sounds a little extreme! Weird how they went from free to a 3 G deductible. 

    Is it better just to look into rates of several diff insurance companies and just pay the monthly , to have a lower deductible headache in the long run?

    Post # 4
    Member
    2496 posts
    Buzzing bee
    • Wedding: January 1991

    Wow, that also seems odd for such a large company to not offer more options.  He should go talk to HR about specifics.  Maybe sit down and draft a list of questions you have for him to ask?

    You should just look into purchasing your own plan and opting out of his work insurance.  I know there are lots of flexible plans you can buy into.  I’m not really much help because Darling Husband and I are on military insurance, but back when we were on civilian, we shopped around a lot to get the best rates because both our work insurances were pretty crappy.

    Post # 5
    Hostess
    18643 posts
    Honey Beekeeper
    • Wedding: June 2009

    Wow that stinks.  You should be able to enroll in a HSA now that he has a HDHP.  That allows you to save money on cash that you put in the account, you can use it for any medical expenses, and it doesn’t expire at the end of the year like a FSA does.

    If you have any questions about it, let me know.  I’m putting my husband on a HSA because he doesn’t go to the doctor a lot and we will use the money for my medical expenses.

    Post # 6
    Member
    2135 posts
    Buzzing bee
    • Wedding: September 2012

    I work as a secretary in the healthcare industry, and I have seen people with as high as a $10,000 deductable. I have also seen employer based contracts that do not contain extra riders, leaving people to pay for very expensive braces on their own.

    Post # 7
    Member
    1400 posts
    Bumble bee
    • Wedding: September 2012

    I work in dental insurance and so many people don’t understand what deductibles are. You explain it to them over and over again, and then when they go to the dentist the first time each year they have no idea why they’re paying the first X amount. $3000 seems crazy to me. Is that $3000 per person or total for family? To me, unless you have some type of major health issue going on, it’s almost not even worth it if you have to pay the first $3000 out of pocket. Hopefully he misunderstood and there are other options.

    Post # 10
    Member
    7771 posts
    Bumble Beekeeper
    • Wedding: July 2010

    Ours is $300 a month, $1,000 deductable, and 20% copay.  Yeah.  And that is from a major insurance company my husband works for. 

    Post # 11
    Member
    1944 posts
    Buzzing bee
    • Wedding: June 2009

    That is a high deductible but unfortunately my employer did the same thing. They dropped us from 4 options to only 2 and those of us that had the higher option last year was locked in it this year or you could cancel. I was pissed! My plan went from $34/pay to $58/pay. I wanted to drop it and go on Darling Husband insurance bc we could save about $600/yr and he had wonderful infertility benefits but like a man his open enrollment passed and I knew nothing bc the papers sat in his car. They had theirs in early October as where I’m use to it being in November. Not happy.

    Post # 12
    Member
    1400 posts
    Bumble bee
    • Wedding: September 2012

    Yeah, not only do I work in insurance, but we are an individual plan dept. and we handle retirees from certain big companies who have recently dropped all of their retirees benefits so now they’re paying for it on thier own. So not only are they confused, but they’re angry because they’ve lost everything so they take it out on us. Oh, and at the end of the year, they always think they get all their money back if they don’t use their insurance at all. Um, no….do you get your car insurance premiums back each year if you don’t have an accident? *sigh*

    Post # 14
    Member
    1944 posts
    Buzzing bee
    • Wedding: June 2009

    @Magdalena:

    Believe me I cried. I feel foolish for doing so but I couldn’t help it. His insurance has a $10,000 yearly benefit for infertility and mine was no where near that maybe $1,500. I should have known better and started to think about it early in the fall but I was busy and I handle all that stuff. He now knows to bring every work paper regarding HR/financial stuff directly to me.

    Post # 15
    Member
    128 posts
    Blushing bee
    • Wedding: October 2010

    That’s a high deductible but health insurance is ridiculously expensive for employers and employees and most companies are re-evaluating and making switches.  I just went through this last year, right after we got married. It was really our first newlywed / grown-up-exercise to figure out whose plan to go on and it was really annoying!  But now we are saving money.  (We are on mine – there is a high deductible but my company covers it by contributing to an HSA).

    It’s a pretty big deal and I think you have every right to be annoyed with thim – this is important stuff that no one likes to deal with it but it is not just him anymore, it affects both of you.  I have a lot of trouble understanding all the insurance stuff and never bothered to learn much when it was just me.  This time though I was super annoying and asked a million questions – I felt kind of dumb but the HR reps were really patient and helpful – it’s their job to help you understand everything.  He should have a few days for follow-up questions before the paperwork has to be in – please talk it over with him and make sure he asks about options – HSA, Flex Spending, etc.  Good luck! 

    Post # 16
    Member
    14488 posts
    Honey Beekeeper
    • Wedding: June 2011

    Our coverage has gone WAY downhill the last 3 years.  It went from 0 deductible, $150 hospital admittance, and 100% coverage, to 3k deductible, $300 hospital ad and 90% covered.  Then this year they raised the deductible to 4k.  The cost of having a child went from $150 flat to 2-3k.

    The topic ‘Health insurance meltdown’ is closed to new replies.

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