It’s been 6 months since I’ve tackled the private health insurance issue and renewed with Celtic. I just received a letter letting me know of my new premium choices for August 2013, so it’s time to play the game again. Since they are once again raising the rates on crappy coverage, we are actually switching companies this time. So I went back to esurance.com and spent an hour looking at our options and getting us signed up for a new policy that will work with our doctor.
Current Policy with Celtic
- $5000 individual deductible / $10,000 annual family deductible
- $6000 additional family annual coinsurance maximum ($16,000 a year maximum out of pocket)
- 20% coinsurance
- Two $35 doctor’s visits per year and the 20% coinsurance thereafter.
- Basic vision coverage provided and saved me about $150 a year.
- Total was $357.24 a month. It will rise to $421.71 per month.
New Policy with Humana
- $5000 individual deductible / $15,000 annual family deductible
- $7000 additional family annual coinsurance maximum ($17,000 a year maximum out of pocket)
- 20% coinsurance
- Six $35 doctor’s visits per year and the 20% coinsurance thereafter.
- Better RX rates.
- No vision coverage.
- Total cost will be about $267 per month. I’ll eat that $150 a year of vision coverage loss that I could have saved with the other plan to save $925 over the next 6 months.
Why I Chose It
Honestly, I have come to the conclusion that most health insurance policies suck and just are there to cover the OMG moments of life. I’m just trying to keep our costs as low as possible while limiting our maximum out of pocket per year to $20,000 or less. Having low cost basic coverage like some $35 doctor visits is nice too. In the end, I am not expecting miracle coverage. I just like basic coverage and knowing that we won’t go bankrupt because of a major fall or something.
Oh, and on a side note, having my birth control covered 100% now has meant a savings of about $840 a year. Yeah, the NuvaRing is freaking expensive usually. So, yay for that at least!
If we ever want to have a kid, it looks like there are just hardly any policies available that would cover the prenatal stuff and delivery. BUT, they all cover the baby wellness visits and immunizations. Weird. So I called around, and if we use cash and have a normal pregnancy, it will cost about $5000-$7000 for all the prenatal visits and stuff and the delivery. It’s usually like $20,000 or more, but hospitals and doctors really love not having to deal with insurance companies, lol.
I think all of that is moot right now since I am not kid-ready, but all knowledge is worth having.
What kind of plan do you have?