True health insurance story.

©2004 Rxeo.com

Let me tell you a true story.

I have kids ages 2, 10 and 14.

Kids get sick and injured ten times more than any adult you
can name, even pro football players (my opinion).

The first time my youngest got an ear infection we didn’t
know what it was. She got hot one day, and then got hotter
at bed time, and she wanted a lot of bottles that night.

In the morning she was really hot, and we knew we had to get
to the Dr. immediately, but we didn’t have any insurance.

We didn’t have much money either.

We had a hard time getting an appointment because we weren’t
insured, and asking to split the bill into three payments
didn’t help either.

The thing is, if we had known then what we know now none of
that would have happened.

First thing;

Wash your kids hands before they eat.

Second;

Get set up with a Dr. before your kid is bleeding out of the
eyes and running 105′’

Third;

Buy some insurance, even if it’s just the cheapest you can
afford.

Experts on emergencies will lecture you on preparedness, and
they are right.

You should buy a first aid kit, a fire extinguisher, learn
where you nearest hospital is, and get set up with a good
physician that you can call night or day.

Then you should have, at least, a minimal medical insurance
plan.

You may ask, what good is a low cost plan going to do?

I’ll tell you.

Save you a ton of money! That’s what!

If you go see a doctor or hospital there are two prices, pay
attention now, two very different prices.

One price is for Medicare Recipients or a Government
Pricing, it’s also similar to Insurance Member Pricing, or
the wholesale price.

The other price is for the people with no insurance.

Guess how high that price is?

Right, sky high.

Why is this so?

It’s because Medicare and Insurance companies demand a low
price. If a hospital or doctor wants to see those patients
they have to offer “contract pricing”, or they are not
allowed to treat those patients.

So the doctors and the hospitals charge Medicare and
Insurance companies a fair and reasonable rate, and call it
a deep discount.

So what happens when YOU walk in with no coverage.

You get an artificially high price so they can keep up the
charade.

They can’t tell the Government that they are giving Medicare
Patients a super low rate, and then give that same rate to
every one else!

So you buy a low price policy, it won’t cover much.
Might not even cover office visits.

Here’s the surprise, there are benefits. Remember when our
little girl got sick? We paid $110 to be seen by a doctor who
only had to look in her ears and then prescribe that pink stuff.

After that we bought a high deductible health plan 8 years ago,
a cheap plan with no Dr. visit benefit.

But, when we go to the Dr. guess what we pay now, even 15
years later?

Only $45! Because we get the discount.

Pap smears used to cost us $85, now we pay less than $20,
because we get the discount.

Now, some people buy expensive insurance, and that’s fine,
maybe they need it.

Here’s how we looked at it; A comprehensive (covers
everything) medical plan at our age and zip code costs $900
per month. Call it $10,000 per year. In ten years that’s
$100,000.

And believe me, if you stay healthy, wear your seat belts,
drink your juice, and say your prayers, you’ll never use
$100,000 in health insurance over those 10 years.

Plus, if we did have the train wreck that cost $100,000 in
medical bills, guess what, our worst case is only $10,000
out of pocket per year.

Let the bill run a million, our part of it is $10,000.

Here’s what we spend. $300 per month.

We save $6,000 per year with our cheap, high deductible
health plan.

I’ll admit, not all of it gets to the bank.

You need your Krispy Kremes, but a lot of it is in the bank,
too. Enough money that the train wreck doesn’t scare me
anymore.

Now wait ’til you hear the next part!

Now you can buy an HSA qualified policy.

A “Health Savings Account� qualified insurance policy.

This was tested by the Government back in the mid nineties
and it was called and MSA back then.

That is the policy we bought.

You are allowed to put that savings I mentioned before,
the difference between a full coverage plan and your less
expensive HSA plan into a savings account.

Plus it has tax benefits. You are able to use the money for
medical expenses tax free!

If you don’t use that money by retirement age you can use it
then to help you retire!

If you want to know more about this new product I think
the best place to learn about HSA policies is probably
www.HSABank.com

They don’t sell the insurance, but they do take deposits for
Health Savings Accounts.

They have a wonderful section with case studies and
comparisons to traditional health insurance.

Now to the insurance, please visit a website that gives
instant quotes on Health Insurance.

Because of these new plans HRAs and MSAs you may be
surprised that you are paying too much for the coverage
you are getting.