lazygood4nothinbum
Thinks s/he gets paid by the post
- Joined
- Feb 27, 2006
- Messages
- 3,895
i've got a $1k deductible on my car insurance and almost $3k on medical. i've made one claim in the last 20 years or more on the car, none ever on the house & i put so much time, effort & expense into healthy living that i doubt i will ever use up that $3k on health insurance.
but when i budget for the year i include my deductibles as part of my monthly budget, thinking that if i don't use that money for its intended purpose i can always put it towards something else the following year.
i've been considering upping my medical deductible to decrease my monthly premium, and taking at least some of the deductible out of my monthly budget. then if i needed the deductible one year i guess i would just take the hit. but i'm not sure how to play this.
how do you budget for non-recurring deductibles?
and (this part should be in health-related topics i guess) should something happen that i ever require continuing medical care, if i have a high deductible, would i be able then to lower the deductible while keeping the same policy?
but when i budget for the year i include my deductibles as part of my monthly budget, thinking that if i don't use that money for its intended purpose i can always put it towards something else the following year.
i've been considering upping my medical deductible to decrease my monthly premium, and taking at least some of the deductible out of my monthly budget. then if i needed the deductible one year i guess i would just take the hit. but i'm not sure how to play this.
how do you budget for non-recurring deductibles?
and (this part should be in health-related topics i guess) should something happen that i ever require continuing medical care, if i have a high deductible, would i be able then to lower the deductible while keeping the same policy?