I am wondering if you or any of your readers
have any advice about health insurance. My husband’s company does
provide our health insurance–at least, they obtain it and then put a
certain amount towards the premium each year and we pay the difference (it is an
HMO policy–optical insurance and dental insurance are not offered).
premium went up last year, and my husband was just informed that it may
increase again this year–by between 20-60%. We are beginning
to research alternate forms of insurance for our family. Do you have any
experience with Samaritan Ministries? We contemplated using them last year,
however, my husband was concerned (and still is) about what would happen if we
should have a major medical expense arise (such as a major surgery or cancer
We personally have private health insurance through Humana (PPO-HSA). We shopped around quite a bit to find a policy which not only had an affordable monthly rate for a family plan (we pay $347/month) but which had the kind of coverage we were wanting.
Since we have a fully-funded emergency fund, we are able to have a higher deductible which, in turn, allows our monthly rates to be lower. Currently, under our plan, we have a $5000 deductible per year and 100% coverage above that. For me, I like the assurance of knowing that were we to have a major medical expense, we would be covered.
We've seriously looked into Samaritan Ministries and other such insurance alternatives but found we felt our current insurance plan was better suited for our family's needs.
I would recommend knowing what is important to you and your family in an insurance plan, knowing what you can afford as far as a monthly payment and a deductible, and then taking some time to really shop around and see what various plans and options are out there.
I'd love to hear from the rest of you on health insurance. What do you have? What kind of rates do you pay? And do you have any suggestions or input for Wendi and her family?