Why I Still Need My Health Insurance Company

July 20, 2009

This year I switched from traditional health insurance to a health savings account with insurance to cover the big stuff.   I write the check on the first $5,000 of health care costs, my insurance kicks in after that.

So far I’m pleased.  But, I still need my insurance company because I get services at the same cost its costs, which is a significant discount to list price and probably closer to the true price of the service.

I need this benefit to pay the insurance company rate because I’m bidding for health care services against a majority of people whose health care is paid by a third party, so they have no incentive to get the best deal for the money.

The funny thing I’ve learned about the health care industry since I’ve started writing the checks is that most service providers don’t know their price.  They can’t tell you how much that extra bag of IV fluid will cost.  They haven’t had to.  Nobody cared.  Someone else was paying.


One Response to “Why I Still Need My Health Insurance Company”

  1. I know this web page presents quality depending posts and extra stuff, is there any other website which offers these
    things in quality?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: