1. Welcome Hearth.com Guests and Visitors - Please enjoy our forums!
    Hearth.com GOLD Sponsors who help bring the site content to you:
    Hearthstone Soapstone and Cast-Iron stoves( Wood, Gas or Pellet Stoves and Inserts)
    Caluwe - Passion for Fire and Water ( Pellet and Wood Hydronic and Space Heating)

Health Savings Accounts - Wage Works?

Post in 'DIY and General non-hearth advice' started by daveswoodhauler, Nov 13, 2012.

  1. daveswoodhauler

    daveswoodhauler Minister of Fire

    Joined:
    May 20, 2008
    Messages:
    1,847
    Loc:
    Massachusetts
    Correction, we have a $2700 ded...then coinsurance kicks in where the plan pays 80% of most items....then, we cap out at the $9100

    Helpful Sponsor Ads!





  2. shmodaddy

    shmodaddy Burning Hunk

    Joined:
    Sep 12, 2011
    Messages:
    232
    Loc:
    So IL
    Jeez guys im sorry. We have a ppo insurance through my union. $800 family deductible then 90/10 in network. $3000 max out of pocket. This is the only insurance I have ever had and didn't really realize how good I got it.

    Seven days after our deductible renewed we met it when my 3 year old daughter stuck a small rock in her ear and had to have it surgically removed.

    I truly feel for you that have huge deductibles like that. Not sure but it seems as though it would almost be better to pay cash and negotiate your bill yourself with the hospital.

    Sent from my rooted and eclipse running X2--thanks nitro-- if im posting on here I'm probably supposed to be working! I can't help im addicted to HEARTH.COM!
  3. daveswoodhauler

    daveswoodhauler Minister of Fire

    Joined:
    May 20, 2008
    Messages:
    1,847
    Loc:
    Massachusetts
    Just as an example, my wife had a medical event last December of 2011 and was hospitalized....got sent home after 5 days just before xmas and the surgery was scheduled for Jan 2012. Had we been on this plan in 2011 and 2012 we would have paid $9100 out of pocket in Dec 2011, and then another $9100 in Jan of 2012. Yup, it sucks.
  4. brian89gp

    brian89gp Feeling the Heat

    Joined:
    Mar 15, 2008
    Messages:
    436
    Loc:
    Kansas City
    Yes, they do. But many medical offices charge more up front for insurance paid visits, they don't call it that though, they call it "cash payment discounts". Many times it was either a $150-200 insurance paid visit, or $75 cash payment visit. Another more recent one was $270 for insurance paid, or $130 for cash payment. The insurance company does usually negotiate it down from there, but it is usually still higher then the cash payment amount.

    Your mileage may vary though, this is just what I have observed at the medical offices around here.
  5. raybonz

    raybonz Minister of Fire

    Joined:
    Feb 5, 2008
    Messages:
    6,205
    Loc:
    Carver, MA.
    And I thought my insurance was expensive! I do work for a massive company so I am sure that helps!

    Ray
    daveswoodhauler likes this.
  6. flyingcow

    flyingcow Minister of Fire

    Joined:
    Jun 4, 2008
    Messages:
    2,270
    Loc:
    northern-half of maine
    It's where I am, I am lucky to have a biz that can pay the health ins. FWIW..... I am on a local school board, the board chair actually. Also I am on the neg committee facing off with the teachers Union. Fun Times.........had by all. :rolleyes:
  7. daveswoodhauler

    daveswoodhauler Minister of Fire

    Joined:
    May 20, 2008
    Messages:
    1,847
    Loc:
    Massachusetts
    I don't think its due to the size of the company, as I probably work for the 4-5th largest company in the nation in my field (Insurance).
  8. Swedishchef

    Swedishchef Minister of Fire

    Joined:
    Jan 17, 2010
    Messages:
    2,271
    Loc:
    Quebec, Canada
    Wow. Those numbers are scary to me. I guess it makes me appreciate the medicare system we have in Canada. My wife has a C-section 3 weeks ago. WE (they wanted me to stay too in order to bond with the newborn) stayed at the hospital for 4 nights (and I even got to eat their cafeteria food for free) and it cost me nothing (directly). Just my annual income tax (which is a total of 34%)....I don't think I would be able to save $15000 for deductible incase we got sick.

    Andrew
  9. jebatty

    jebatty Minister of Fire

    Joined:
    Jan 1, 2008
    Messages:
    4,256
    Loc:
    Northern MN
    I think many people want to have their cake and eat it too. Choice may be this simple: pay higher taxes and get good medical care "free" or at a low cost and complain about high taxes; or, pay lower taxes and pay for high cost medical care through the nose and then complain about the high cost of medical care. Alternatively, shut up and be satisfied that you have a roof over hour head, food to eat, and good medical care.
  10. Swedishchef

    Swedishchef Minister of Fire

    Joined:
    Jan 17, 2010
    Messages:
    2,271
    Loc:
    Quebec, Canada
    Jebatty: I agree 100% with your statement. I currently reside in the most taxed province in Canada. Yet there is a provincial prescription plan for those who can not afford third party ones, we have government subsidized daycares at $7 a day, $150 a month per child as a government subsidy, tuition for some of the best Universities in Canada (located in Quebec) cost $2200 a year. As you said, you can't have the cake and eat it too. In Canada it is simply "how it is". We are used to high tax rates and the pretty decent social programs that come with them. Every once in a while I will say "You know, I am not on welfare, I have never been on Employment Insurance, I do not get any advantages or get any of my money back that I have paid in the past 20 years". And then we had 2 c-sections and I shut up ;)

    A
    raybonz likes this.

Share This Page