Archive for the Insurance

Health Insurance is Ridiculous.

Open enrollment just ended for Mr. Money’s employer.  Since I’m a stay at home mom, we basically have the option of enrolling in Mr. Money’s health insurance through work, try to enroll through the exchange, or seek another option such as Medi-Share.  This year we ran out of time and enrolled in the health insurance for our whole family through United Healthcare with his employer.  The cost? Over $7,000 a year. Whoa. First off, Mr. Money is a chef and does not make that much money. $7,000 is a huge chunk of change to us, especially with being a single income family.  I see that huge sum and think of all the better uses I could do with that money.  Second, our deductible for this health insurance plan is $5,000.  We have to hit that out of pocket before they cover anything! That’s ridiculous. I’m pissed off and am going to be exploring different options as we have time to research it. I’m really thinking of checking out the health sharing companies such as Medi-Share.  I considered it many years […]

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Homeowners Insurance Rates Increase?

The other day we received our bill for our annual homeowners insurance premium.  I opened it up and was shocked that it was $110 more than last year, at $724.  I didn’t think that in one year the rate would go up that much!  I looked over the bill, and there is a blurb about inflation: “Inflation has increased construction cost by 3.00 percent.  Your coverage and premium have been increased accordingly.”  What? 3% of $615 (what the premium used to be) is only around $18.  So why did my premium go up over $100?  Annoying. We already have a $1000 deductible and I really don’t want to raise that.  I don’t know if I should shop around for homeowners insurance quotes, or if I should just stick with them because this is normal.  I have our cars insured with the company also, so we receive a discount for that.  I also like that the company that we’re with is a reputable company that I trust in case something happened.  It just makes me angry that our policy could go […]

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Contemplating a High Deductible Health Plan (HDHP)

It’s open enrollment time for benefits at my employer.  They have given us our options for health insurance, and we are able to choose which plan we’d like.  The choices for health insurance have been simplified down to a few choices, and it mainly boils down to two choices: a high deductible health plan or a PPO.  Last year, we ended up going with a PPO health insurance, and it ended up costing us more money out of pocket in premiums each month.  We did have less out of pocket expenses than if we had chosen the high deductible health plan.  Of course, this year I’m going to analyze the costs and see what makes more sense for our family.  The thought of a high deductible health plan scares me for a few reasons, but I need to not dismiss it, and see if we’d save more money going that route for health insurance. Cost of High Deductible Health Plan versus PPO The cost for the high deductible health plan for the entire year is $1,162.68.  The cost for the […]

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Are Dental Insurance Plans Worth the Money?

I went to the dentist this morning.  Before I went, I made sure to check our current dental insurance information on our company’s human resources website. It’s a good thing I did because it had changed from last year.  While I was logged onto the site, I printed out the dental insurance information.  The cost printed out along with the explanation of benefits.  For a whole year of dental insurance that covers myself and husband, we pay $402.24.  It’s only $15 a paycheck, but I really started to wonder if it’s worth having dental insurance any more.  Neither myself or my husband have been to the dentist at all this year (bad, I know!).  So we’re pretty much not using the insurance at all. Our open enrollment period is coming up soon, and I’m wondering if I should just go ahead and drop the dental insurance.  I do think it’s very important to have your teeth cleaned every six months (and our insurance pays for that 100%) but if we don’t do it, then we’re wasting $402.24.  I don’t think […]

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Sports Car Insurance Rates

The other day I received our car insurance premium bills in the mail (along with our homeowners insurance policy bill, car tag registration on both cars, plus a driver’s license renewal notification!). We put aside money each month in an ING savings account nicknamed “car insurance” so that when the time comes, I transfer the money to our main account and pay the bill. It works out really well for us, and I am glad that we are able to pay six months worth of car insurance at a time. By paying in full for six months, we receive a discount and avoid paying a monthly installment fee. photo credit: aresauburn™ Owning and operating a car is a huge expense. Every year, you’ve got depreciation, registration and tags, and car insurance to pay for. Seeing that Mr. Money and I keep getting older, our insurance premiums will hopefully stay the same or decrease a little as our cars age and we supposedly become more responsible. I’ll tell you though- when I opened my car insurance bill, I never expected that […]

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Health Insurance Options?

Let’s talk about health insurance options. Mainly, let’s talk about my health insurance options.  I’m a planner (obviously), and I’m kind of stuck as far as options go.  You see, when we finally have a baby, I want to be a stay at home mom.  It’s one of my hopes and dreams, and I really want it to come true.  There’s one little problem, though.  Mr. Money’s current employer only offers private health insurance and not only would it be really expensive, but I’m afraid I’d be denied coverage due to the cancer scare I had a few years ago (thankfully I didn’t have cancer, but I’m afraid they’ll see oncologist and freak out). photo credit: brdwatchr1 Uninsured and Pregnant? My plan is to work until I have the baby so all my maternity care is covered by my current insurance through the bank, and then before I go on maternity leave I will tell my employer that I will not be returning after the baby is born.  That sounds like a good plan to me. After the baby is […]

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    Welcome! I'm Mrs. Money and I lead a frugal, simple, and debt free life on a modest income. I make money online to help support our family. I believe in saving money, living green, and enjoying life!

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