>> IMO deductibles should be high, the purpose of insurance is to pay for catastrophic medical bills.
I have no problem with high deductible insurance. What I have a problem with are high deductibles coupled with outrageously high premiums that increase 15% to 20% each year.
Ten years ago Mrs. Tick and I got a high deductible health plan coupled with a health savings account. It worked out well for us when the premiums were $450/month.
They’re now $1050/month. Next year $1200/month. We have had no health issues to justify that increase. Never, in ten years, have we received a dime in benefits because we never exceeded the >$5000 deductible.
We’re now looking into Christian health-cost-sharing plans that satisfy Obamacare rules but cost MUCH less — a few hundered a month. They are essentially high-deductible too. Their drawback is that they’re not health insurance, per se.
will you and Mrs Tick.. And maybe others, share the experience of the cost share plan?