My Epiphany as a Doctor: Navigating Today’s Healthcare for My Own Family–Part 1

Giving up Traditional Health Insurance

Blog 1 AI had blogged about them and had seriously considered them–cost sharing plans.

High-Deductible-Health-Plan-paired-with-a-Health-Savings-AccountI resisted giving up my traditional health insurance because of the beauty of the triple tax savings with the Health Savings Account(HSA) that I married to my high deductible plan.  I saw such value in that piece that I lost out on the bigger picture–saving money without sacrificing care.

What changed?AllieJ

I paid for my daughter’s surgery out of pocket in 2016 when the cost for the negotiated insurance pricing was higher than actually just paying cash.

I saved almost $1200 by paying cash.  Click to see the details in my previous blog.

AND

My traditional high deductible healthcare insurance plan I carried in 2016 was increasing from $820.00 per month to $2100.00 per month. 

The plan was not only going up by $1280.00 per month but it offered less coverage and had a higher deductible

The decision to move to the cost sharing plan was easy at this point.  We chose to go with Liberty HealthShare

Our cost became $450.00 per month for our family of four and our out-of-pocket portion or unshared amount(deductible) became $1500.00 annually.
Blog 1 B

Ann Riggs, DO

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Patient-Driven Affordable Healthcare

 

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