Reply to Anyone have experience with a "high deductible" health insurance plan?

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[quote=Anonymous][quote=Anonymous]Ugh, my work just gave notice that they will cease offering our current health insurance plan (a co-pay plan with 10% co-insurance) and move to a "high deductible plan" due to soaring costs.  I'm really scared about this, as I have 2 young children and live paycheck to paycheck and am already struggling so I don't have money to pay increased medical $.  From what I've read, a high deductible plan is pretty crappy.  Anyone have more info on them and how they work?  [/quote]

I have one. Assuming everyone is healthy, it's actually a pretty good deal.

My traditional health plan would cost me about $6,500 in premiums a year. The high-deductible plan costs me about $2,200. I put the difference -- $4,300 -- into a health savings account and add another $2,450 or to max it out. use it to pay whatever doctor's bills I incur. Since well visits now are free, we don't see the doctor that much.

I started this about three years ago. There's now more than $12,000 in my account since I don't spend much out of it. It makes paying for things like orthodontia and eyeglasses easier.

Granted, we've also not had any hospitalizations or broken limbs or anything, but those are extremely rare events in life; I'm 44 and have never broken a bone, for example. [/quote]

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