Hello folks,
I am appalled at the way these health insurance companies make money. To cut long story short, I have HSA type insurance with $4000 deductible and contract year is Nov'12 to Oct'13. I met $1400 in month of Nov and Dec. I thought (learned through numerous phone calls and emails with insurance company) that $4000 deductible is for the contract year. Today, I learned that it is for the calendar year so that deductible became zero on 1st Jan.
To be very honest with you, it is very annoying. Now, I plan to make sure that I spend at least $8000 for my healthcare, essentially performing the procedures that neither me nor my doc thinks essential but good to perform. I do not know if this counts towards overuse or even abuse of your insurance coverage but I am not here to talk to ethical aspects of it. My question is, should I do that, how it is going to affect my next year's insurance premium. I do plan to ask employer to drop Rx coverage next year because goodrx.com gives lot better prices than my insurance.
To note, this insurance is offered by a small employer who buys it for only 3 employees and we are the only family (and hence I WILL think of ethical aspects as I do not want others to suffer out of my actions).
Many thanks in advance.
I am appalled at the way these health insurance companies make money. To cut long story short, I have HSA type insurance with $4000 deductible and contract year is Nov'12 to Oct'13. I met $1400 in month of Nov and Dec. I thought (learned through numerous phone calls and emails with insurance company) that $4000 deductible is for the contract year. Today, I learned that it is for the calendar year so that deductible became zero on 1st Jan.
To be very honest with you, it is very annoying. Now, I plan to make sure that I spend at least $8000 for my healthcare, essentially performing the procedures that neither me nor my doc thinks essential but good to perform. I do not know if this counts towards overuse or even abuse of your insurance coverage but I am not here to talk to ethical aspects of it. My question is, should I do that, how it is going to affect my next year's insurance premium. I do plan to ask employer to drop Rx coverage next year because goodrx.com gives lot better prices than my insurance.
To note, this insurance is offered by a small employer who buys it for only 3 employees and we are the only family (and hence I WILL think of ethical aspects as I do not want others to suffer out of my actions).
Many thanks in advance.