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 ago, but didn’t really need it then so we didn’t look too much into it. Now I feel like it’s definitely worth looking into with the exorbitant amount that we’re paying each month for crappy coverage. Don’t get me wrong, I am thankful that we are eligible for health insurance and that we are on a company plan, but I just wish it was actually affordable for middle class families like us.
The nice thing is, we’re fairly young and healthy and mainly only go to doctors for well checks and annual physicals. Even if we had to pay out of pocket for well checks if we went with a program like Medi Share, we’d still come out ahead according to their cost calculators. I hate paying out of pocket for things, but I hate wasting money even more.
Health insurance shouldn’t be this difficult. It’s something that I’ve struggled with for many years- trying to find coverage when I became a stay at home mom, trying to actually get coverage with pre existing conditions, and figuring out what to do when Mr. Money lost his job and we were without income and health insurance. It’s frustrating because I feel like our family is pretty well versed in health insurance info, and I can’t imagine how others feel that don’t understand it quite as well.
I do like the idea that people are helping people with the health insurance alternative companies. I’ve honestly considered going without health insurance and just paying the penalty but obviously know that is not an ideal solution to this problem. I just see saving all that money and it sounds like a good idea!
I need to sit down and run numbers and see what makes most sense for our family. Hopefully I’ll be able to find an option that will save our family some money and may offer better coverage for us. That would be awesome!
What do you think about the health insurance options and cost available today?