Am having to make a decsion about my health care deductible. I have a private individual policy because I no longer have access to a group policy. Currently have Anthem Blue Cross/Blue Shield Flexible Choice.
I am 55 and my premiums have increased an average of 23% a year which has forced me to change policies the last 4 years or so ..and increased deductibles.
My current deductible is $2,500 with 0%/100% coinsurance. Increasing my deductible to $5,000 brings my premium down about $100.00 a month. Do I dare? Looks like moving to a different policy that carries 30%/70% coinsurance is just as risky.
I was shocked when I moved from a $500.00 ..then to a $1500 and finally the last 2 years to a $2500 deductible and to think of a $5,000 deductible worries me.
For the $2,500 deductible I pay $435.00/month For the $5,000 deductible payment will be $324/month.
I'm tempted to leave it where it is....as any premium savings can be wiped out with 1 test or 1 set of blood work.
What are others doing where this is concerned? All thoughts appreciated.
I am 55 and my premiums have increased an average of 23% a year which has forced me to change policies the last 4 years or so ..and increased deductibles.
My current deductible is $2,500 with 0%/100% coinsurance. Increasing my deductible to $5,000 brings my premium down about $100.00 a month. Do I dare? Looks like moving to a different policy that carries 30%/70% coinsurance is just as risky.
I was shocked when I moved from a $500.00 ..then to a $1500 and finally the last 2 years to a $2500 deductible and to think of a $5,000 deductible worries me.
For the $2,500 deductible I pay $435.00/month For the $5,000 deductible payment will be $324/month.
I'm tempted to leave it where it is....as any premium savings can be wiped out with 1 test or 1 set of blood work.
What are others doing where this is concerned? All thoughts appreciated.