It’s that time of year again. ACA Open Enrollment is from Nov 1-Dec 15, 2017 (only 6 weeks) and that means it’s time for me to compare our Samaritan membership to what the insurance world is offering. Once again I sing praises to the Lord for leading our family to Samaritan Ministries.
Honestly, this process has become so grotesque it’s like watching a train wreck.
Here’s how the math works for our family, updated for 2018:
|Insurance Premium:||$2158.54/month for high deductible bronze plan HSA. Medica is the only company offering any plans to Nebraska|
|SAMARITAN SAVES US:||$1663.54/MONTH savings = $19962.48/YEAR savings
|Insurance OOP max:||$6650 per person, $13300 total with a $12,000 deductible|
|Our Responsibility with Samaritan:||$300 per incident|
|SAMARITAN OOP SAVINGS:||$13,300 (assumes we had 3 incidents per year and would have met our full deductible/OOP, and got full discounts)|
|Insurance Co-pay:||I pay 100% until deductible is met on everything except the free physical|
|Insur Premium + Full Deductible:||$37,902.48 (That number leaves me breathless). Almost $40,000 before insurance even helps?|
Some key takeaways from this:
- We would be flat out broke if we had to pay for insurance. Thank You Samaritan Ministries for existing!
- The absolute cheapest insurance option is an HSA with a $12,000 deductible costing more than $2100/month.
- The last line of the spreadsheet shows that if were were to have a couple of medical issues and just meet the deductible, we would pay just under $38,000 in premiums and deductible costs before insurance does much of anything. Oh wait, they give us a free physical. Also known as the $38,000 physical. Sure, that’s the same as free.
- I can pay $495/month with Samaritan Classic (family rate) or $2158/month with insurance. How is that insurance quote even real?
- I didn’t show it, but the Gold plan offered to us is now $3055.87/mo. Do people actually sign up for that??? It’s the plan closest to what we had before the ACA started with a $3000 deductible, $30 copays and all the numbers from the good ol’ days. Apparently the good ol’ days are worth over $3 grand/month. I can’t even stand it.
My deepest sympathy if you are being hit with this trainwreck information in your family and feel lost. I remember that feeling. Please consider joining Samaritan Ministries. Write to me, ask questions, read everything on this site (pages at right) about how it works and how wonderful it is. You could save a fortune and get even better health care in the process. It’s a different way of thinking about your health care and expenses, but I find it so liberating and quite wonderful.