Those pesky deductibles - How do you choose?
don't we have a high opinion of ourself. 
08-26-2018 | 06:13 AM
#13
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From: Smalltown
08-28-2018 | 04:21 AM
#16
Joined: Feb 2001
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From: 262 miles N of the Dragon
From what I am seeing, many states have different plans.
In Ohio under Obamacare, I think there are only two carriers....
We ended up going with a low deductable plan..... and with us making virtually nothing (SS only).... our rate is pretty low ($576). Under Cobra we were paying almost $1,200.
In Ohio under Obamacare, I think there are only two carriers....
We ended up going with a low deductable plan..... and with us making virtually nothing (SS only).... our rate is pretty low ($576). Under Cobra we were paying almost $1,200.
08-28-2018 | 06:07 AM
#17
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Posts: 63,244
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From: Smalltown
From what I am seeing, many states have different plans.
In Ohio under Obamacare, I think there are only two carriers....
We ended up going with a low deductible plan..... and with us making virtually nothing (SS only).... our rate is pretty low ($576). Under Cobra we were paying almost $1,200.
In Ohio under Obamacare, I think there are only two carriers....
We ended up going with a low deductible plan..... and with us making virtually nothing (SS only).... our rate is pretty low ($576). Under Cobra we were paying almost $1,200.
08-28-2018 | 07:17 AM
#19
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From: Smalltown
08-28-2018 | 07:18 AM
#20
Joined: Oct 2002
Posts: 34,113
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From: Canton, MA
Hey Bill, maybe you can have a part time business helping people narrow down choices in the health insurance world.
I once tried to price out an MRI as it was subject to my deductible. Sure you can get codes for the procedure, but I kept hitting brick walls. I'd be charged whatever my insurance would pay IF the insurance was paying the bill. So how much will that be? They didn't know, it would depend on the contract they had with insurance companies, and contracts were not the same for all insurance companies. All I could get from the hospital or free standing Shields MRI facilities were ranges in price, not helpful. As far as medical events....except for an occasional asthma flare, I'm pretty darn healthy, and thankful for that, so listing out medical events isn't something I can really do. Bill, I didn't think the high (depending on what you call high) deductible plans meet the Mass Credible Coverage criteria. Most plans I look at are with deductibles of 2K or with total out of pocket of 4K or in that neck of the woods...still a lot of money in my world, but then again, so is the premium for plans with lesser deductible. I found Tufts (which I have now) has better offerings than Blue Cross Blue Shield. If, for some reason COBRA is not an option, I'm looking at around $150 or so/month more than my group coverage with a 2K deductible and 4k max out of pocket, both higher than my current coverage. All subject to change before I actually pull the retirement trigger....
I once tried to price out an MRI as it was subject to my deductible. Sure you can get codes for the procedure, but I kept hitting brick walls. I'd be charged whatever my insurance would pay IF the insurance was paying the bill. So how much will that be? They didn't know, it would depend on the contract they had with insurance companies, and contracts were not the same for all insurance companies. All I could get from the hospital or free standing Shields MRI facilities were ranges in price, not helpful. As far as medical events....except for an occasional asthma flare, I'm pretty darn healthy, and thankful for that, so listing out medical events isn't something I can really do. Bill, I didn't think the high (depending on what you call high) deductible plans meet the Mass Credible Coverage criteria. Most plans I look at are with deductibles of 2K or with total out of pocket of 4K or in that neck of the woods...still a lot of money in my world, but then again, so is the premium for plans with lesser deductible. I found Tufts (which I have now) has better offerings than Blue Cross Blue Shield. If, for some reason COBRA is not an option, I'm looking at around $150 or so/month more than my group coverage with a 2K deductible and 4k max out of pocket, both higher than my current coverage. All subject to change before I actually pull the retirement trigger....