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I used to always to low deductible high cost. Last year before baby was born i did the calculator and all in cost (premium plus expected bills) came in a few $000 lower on the high deductible plan.
This is the right answer. Always go high deductible. If you max it out, it's a little more out of pocket. When you don't max 5 save quite a bit. Even if you max it out 1 out of 3 years, it's still cheaper.
If you are married and have a kid coming your way best thing is to do a full insurance. It might look alot at first but better than having $2500 detuctuble covering barely anything. And it's insurance, kids get sick alot so you'll need alot of visits etc.
Back few years ago my $160 a month insurance covered thousand dollars worth out patient visits/ dental etc and U only paid few dollars. Yes few dollars after detuctuble was reached.
Context. A specialist visit costed 900 dollars.i paid $90 dollars, negotiated fees, before $500 was reached. Once it was I paid $10 per visit.
My insurance plan was high deductible. So after we reached the deductible (which was easy during child birth), all my other surgeries and doctor visits 100% covered as long as they were in network for the year.
It depends on how much the hospital charges and any complications with the delivery. The insurance site should have a costs calculator to give you a rough idea. I would imagine you’ll hit the deductible but probably not the out of pocket max unless there you have a c-section etc
I’ve had a HDHP for like 12 years. Every year I create an Excel file that compares the cost of each plan offered assuming I meet out of pocket maximum and HDHP is always the cheapest and if nothing major happens it ends up being a lot cheaper because the HSA funds roll over. I’ve given birth twice during that time, my son cut his head and needed stitches and my other son had his tonsils and adenoids removed.
The cost of delivering a child will exceed your out of pocket maximum whatever that is.
No more then 10k
$18k out of pocket? Seems extremely high for natural birth. Perhaps out of network?
Thanks a lot guys.
I will definitely use that cost calculator thing to find out more.
I agree with vast majority on this one- HDHP is the way to go. Between the premiums and OOP max, you cost is less in a worst-case scenario. And I’m a best case scenario, you’re not throwing out money to premiums.