Originally Posted by Lisa99
I've been looking at HI on the exchange and it makes me really nervous. ....
One angle to look into that is working well for us is catastrophic coverage.
We are both relatively healthy and need insurance to protect us from an unexpected expensive illness and give us access to negotiated rates with health care providers. In most years, out out of pocket costs are only $0 to $3,000.
Under Obamacare, if the cost of the lowest cost bronze plan is more than 8% of your Obamacare MAGI (aka income) you can buy catastrophic coverage even if you are over 30.
In our state, catastrophic coverage is about 37% less than a comparable bronze plan, the network is identical, and the deductible is only slightly higher; but we give up being able to make HSA contributions and have to jump through additional hoops to buy cat coverage. I know in some other states that the difference between bronze and cat coverage is not so significant so cat coverage isn't worth the effort and giving up the HSA so YMMV, but it is working really well for us.
Since these policies have aggregate deductibles, we save even more by having two individual policies rather than one policy that covers both of us since the premium is the same but the insurance will kick in earlier.