Reply to High Deductible Health Insurance Plan

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Something to watch out for is that certain hospitals (especially teaching hospitals that serve a lot of highly needy patients) really squeeze insured patients to make up for all the free care they provide. If you have a standard insurance, it can be totally fine—the hospital is in network and so I don’t pay any more than I would anywhere else. But if you have a HDHP, you are going to be paying a lot more of the jacked up prices.

I agree that HDHP can be cost effective if you keep in mind the premium savings. But you do have to be cognizant of healthcare prices with them (which is by design). [/quote]

If the hospital is in network with your insurance, you still get to pay the same “agreed to rate” that your insurance pays. You don’t pay more. If a procedure/test is $1200, but your insurer agrees to pay $800, you would only pay the $800 on an HDHP as long as you stay in network.[/quote]

The funny joke is that if you ask what discounted cash price is for the test/procedure it can cost you less than what you pay towards your deductible based on the "negotiated" discount of your insurance plan.  If it costs more, it's only a little bit more which is still not going to justify paying expensive premiums.  It's basically a very expensive catastrophic insurance plan.

Overinflated prices shown on your bill are complete racket and not what they would charge to a cash patient.  This happened to me personally and there are many social media videos on this with people going through their medical bills and comparing discounts provided by insurance with the cash patient discounts medical providers give you.  
[/quote]

Yes, this year I’m hoping we wouldn’t reach our deductible and I’m going to be asking for cash prices for urgent care visits (stitches etc). I already know from past experience that they’re cheaper. Once I had to pay 600 for stitches and follow up to get them removed (300x2)… when it would have been 150 for cash pay with free stitches removal!! I had to complain for hours about that because they had originally told me it would be free to get them removed but the person telling me that didn’t realize my insurance. Very annoying.

It’s basically catastrophic coverage like someone said.[/quote]

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