So, we got the letter this week. No big surprise: our health insurance premium is going up this year. Again. Just like last year. And the year before.
Certainly, I shouldn't complain. We're healthy, so we don't have any major medical costs.
But here's the thing. We're paying $3,600 a year in premiums for a policy with a $5,200 family deductible. That means we'll pay out $8,800 in a given year before we get any coverage whatsoever. To date, the only time we've ever met our deductible was 2009, when John had his little dryer incident. So there's that; not meeting the deductible is good.
The surprising part to all this is, $8,800 is a good deal.
Though it's hard to compare apples to apples, from what I understand our rates would be higher if we were part of a group insurance, like through Farm Progress. I've been working part-time since our kids were born, so we've been on our own for insurance, but overall, this appears to be a good thing, as we are healthier than average.
But $8,800 for minimum coverage. No prescriptions, dental, vision or "well baby/child" visits. And we're a healthy family of five.
I don't pretend to know the answer to all this, but it seems precipitous to have received this letter in the same week that healthcare came back on the national radar and the House of Representatives voted to repeal the healthcare bill. I don’t know what to make of any of it.