Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
health charges depending on insurance
Old 04-11-2008, 02:45 PM   #1
Thinks s/he gets paid by the post
teejayevans's Avatar
 
Join Date: Sep 2006
Posts: 1,228
health charges depending on insurance

We know those with insurance pay less, ie get a discount.
But,
do those with HSA plans pay more/less, ie do they
charge more or less based on type of insurance plan?
Do those with high deductibles pay more or less than
those with low deductibles?
Just curious,
TJ
__________________

__________________
teejayevans is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-11-2008, 03:27 PM   #2
Recycles dryer sheets
mn54's Avatar
 
Join Date: Sep 2007
Location: mpls, mn
Posts: 442
It's my understanding that whether you have a high or low deductible doesn't make a difference. It's the agreed upon discounted rates between your ins. co. and the health care provider that matters. There are different plans within a single ins.co. Depending on the plan you have will determine your rate irregardless of your deductible.
__________________

__________________
mn54 is offline   Reply With Quote
Old 04-11-2008, 03:45 PM   #3
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by mn54 View Post
It's my understanding that whether you have a high or low deductible doesn't make a difference. It's the agreed upon discounted rates between your ins. co. and the health care provider that matters. There are different plans within a single ins.co. Depending on the plan you have will determine your rate irregardless of your deductible.
Agree. The providers don't necessarily know which you have, only that it is Blue Shield, or whatever.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 04-11-2008, 09:37 PM   #4
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Largo
Posts: 1,945
This existence of negotiated charges is one of the reasons I am insisting my sister (who was recently laid off from a small company without COBRA) get coverage even if it is high deductible. I also told her I don't want to be presented with the option of having to write a very large check or watching her go without expensive life-saving treatment. The deductible and the premiums for a high deductible policy aren't inexpensive but they are much cheaper than what catastrophic care would cost for a person without any health insurance. The crazy things we have to consider nowadays for our unemployed family members.

Regarding negotiated charges versus "market" - When I went in for a wellness check this year (I never saw the doc last year so it was time to make an appearance), the lab charges were $265.00. Once the negotiated prices were applied, the balance was $61.93. I only had to pay $50.60 because one of the charges was for a pap which is covered at 100%. Can you believe they are reimbursed only $11.33 for a thin prep pap?

Actually, everything should have been paid since my employer is now covering wellness visits (including lab work) 100% without consideration of the deductible (which is $500). Unfortunately, our claims processor hasn't caught up with the new rules for 2008. Ultimately, I will be refunded the $50.60.
__________________
Buckeye is offline   Reply With Quote
Old 04-12-2008, 05:44 AM   #5
Thinks s/he gets paid by the post
teejayevans's Avatar
 
Join Date: Sep 2006
Posts: 1,228
Quote:
Originally Posted by Rich_in_Tampa View Post
Agree. The providers don't necessarily know which you have, only that it is Blue Shield, or whatever.
thanks, I saw in another forum a post where somebody claimed that
HSAs were bad because you would be charged more.
TJ
__________________
teejayevans is offline   Reply With Quote
Old 04-12-2008, 12:43 PM   #6
Recycles dryer sheets
mn54's Avatar
 
Join Date: Sep 2007
Location: mpls, mn
Posts: 442
Quote:
Originally Posted by teejayevans View Post
thanks, I saw in another forum a post where somebody claimed that
HSAs were bad because you would be charged more.
TJ
You should not be charged more but because HSA's are for high deductible policies only, you may end up having to pay more.
__________________

__________________
mn54 is offline   Reply With Quote
Reply

Tags
health insurance


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
health history for health insurance vic Health and Early Retirement 22 10-26-2006 10:07 AM
Health Insurance bookman51 FIRE and Money 48 08-14-2006 07:23 PM
health insurance and effect on increased health care costs Martha Other topics 9 08-08-2006 02:54 PM
Health Insurance Retire Soon Hi, I am... 11 11-27-2005 09:19 AM
Health Insurance moguls FIRE and Money 6 10-29-2004 02:44 PM

 

 
All times are GMT -6. The time now is 03:09 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.