fisherman
Full time employment: Posting here.
- Joined
- Jul 7, 2007
- Messages
- 500
With the good news on my annual rate increase I was also given the chance to change our deductible to 10K from 7K. this is a family policy and the deductible is for all. Once we were to meet it the policy says the Ins. company pays 100% of covered costs.
I am 48 and DW is 47 we have two kids on the policy. If we raise the deductible to 10K form 7K our premium drops $116 per month.
What is the down side to doing this as I am concerned I might have missed some? We have had the policy for 5 years and I have always budgeted to pay the full deductible every year. I am wondering if this is realistic and if not how much should I plan for. By planning to pay all of it each year it does not make this a good choice but how do you make that determination? I am an engineer and not in the medical field so I really do not know all the possible ways you could always meet it or what the odds are. Please share any insight or recommendations on this you have.
I am 48 and DW is 47 we have two kids on the policy. If we raise the deductible to 10K form 7K our premium drops $116 per month.
What is the down side to doing this as I am concerned I might have missed some? We have had the policy for 5 years and I have always budgeted to pay the full deductible every year. I am wondering if this is realistic and if not how much should I plan for. By planning to pay all of it each year it does not make this a good choice but how do you make that determination? I am an engineer and not in the medical field so I really do not know all the possible ways you could always meet it or what the odds are. Please share any insight or recommendations on this you have.