Today was our yearly health insurance benefits meeting. Every year the premiums go up and this year was no exception. We were going to change to Cigna and I was happy because my dermatologist would have been in network but it didn't work out so we are staying with our current provider.
What did change was the plan I am enrolled in. It used to be a flexible plan with a $1,000 deductible and an allowance that could be used for medical expenses that rolled over every year. Now we have the regular expensive insurance plan with a $500 deductible or a high deductible plan with a HSA (health savings account). I had planned on having an HSA and high deductible plan when I quit my job and need to be self-insured. At least now I can put money in to the HSA and take it with me when I quit...assuming there is any money left in there. The good part of the plan is that my company will put $500 in to our HSA every year. The bad part of the plan is that my deductible will be $2,500 instead of $1,000 and the bi-weekly premiums cost more than I was paying this year.
I decided to go without dental and vision insurance because I barely use it and the dental benefits aren't that good. In fact, they pay 50% which isn't much when dentists here charge so much. I think I am better off paying for my cleanings and then going to Mexico for any crowns. It worked ok last time.
So, no added benefits, higher premiums and higher deductible. The one good thing about the meeting was that there were donuts. Donuts make it all better.