Tag Archives: high deductible plan

Health Savings Account plans: not a bargain?

I’ve looked at Health Savings Account plans, and they seem to come with higher premiums than I would have expected.  Shouldn’t these plans be really cheap, since they have such a high deductible? Penny Watcher Dear Penny Watcher, The Health Savings Account should, in theory anyway, have lower premiums.  The HSA plan should definitely cost […]

High deductible plan member — figuring out how much care will cost

As someone with a high deductible healthcare plan, how can I best estimate my out-of-pocket cost for a medical procedure prior to incurring the expense? My insurer does not make this information available.  All I want to know is, what the negotiated rate in-network is for a particular procedure.  In my experience, providers can tell […]

Affordable Care Act: Penalty applies even if you pay your own medical bills

Can I refuse to pay the penalty if I pay all of my medical expenses out of pocket? Let’s say I’m worth millions of dollars and I don’t want any health insurance company to have access to my health records. Can I just pay everything out of pocket instead? If so, I shouldn’t have to […]

High deductible, considering supplemental insurance

I have a high deductible ($5,000) health plan, and wonder if I should purchase a supplemental insurance.  I currently need procedures that cost $549 each. I have had two of them in the last month and a half and will need more in the future months.  I have to pay for them at the time […]

Super high deductible – do I really have health insurance?

I am single and self-employed.  I have a $15,000 deductible on my health insurance plan.  Nothing gets paid for, year in and year out.  I often wonder why I bother to carry this insurance at all.  What am I really getting for my money?  Paying Out Of Pocket Dear Paying Out Of Pocket, With such […]