Part of the problem early in the year is people are paying into their deducible. My family has to pay $2,000 before the health insurance kicks in and mine is a good policy. So that is $2,000 less I have to spend in the first quarter that 5 years ago I had no deducible. To me it is easy to see why the first half of the year is slow.
“Part of the problem early in the year is people are paying into their deducible. My family has to pay $2,000 before the health insurance kicks in and mine is a good policy.”
I wouldn’t generalize too much from your experience. Most families have only the occasional medical expense except around pregnancy, very young children, and in old age. They might be worried about the deductible but don’t usually come close to paying it. True, some people go to the clinic all the time for little things and others have serious ongoing issues they have to get treated.
That’s a really good insight. It is stuff like that, that keeps me coming to Free Republic.