No matter your general political beliefs or specific opinion on Obamacare buying insurance is always a pain. Since the deadline for January 2016 coverage is Tuesday the 15th, I spent most of the day getting logged in to the insurance marketplace and then comparing a wide range of plans. Low deductible – high premiums; higher deductible – lower premiums; plus a variety of co-pay percentages after deductible. Then do you assume perfect health or plan for the worst and look at the combination of premium and possible out of pocket expenses for a major illness or injury?
I know a lot of people benefited from the changes to health insurance but I have to admit that I don’t see it that way. With premiums for 2 people in middle age who don’t smoke or drink and have no major health conditions, such as heart disease, as high as the mortgage on our Colorado home I’m actually a bit nauseous over the whole thing. And the only way to get the premium down from mortgage range to say car payment range is to take a deductible of $5,000, $10,000 or even higher. While having to come up with that much cash wouldn’t bankrupt my husband and I, not all middle class families can say that.
After a couple of hours of analysis I think I’ve made a decision and tomorrow I’ll complete the application before the deadline. Then I can go back to unpacking which is a least more fun then shopping for insurance.