This year, my school district switched from traditional medical insurance to a Health Savings Account. We have a 4000 dollar deductable we have to meet (the district threw in 2000 towards that deductable). Up until the deductible is met we pay for EVERYTHING at cost. After the deductible is met you pay for nothing.
This is an interest bearing account and it is YOUR money, so what you don't spend rolls into the next year, etc. I was hoping I wouldn't meet our deductible this year so some money would roll into the account next year since the district isn't putting as much in towards the deductable next year. Well....... now I'm thinking that isn't going to happen. I've gone to the doctor a few times, kids a few times, and each appointment has averaged around $125. Well, today I took Luke to the eye doctor and it was $375!!! WOW!!! I didn't anticipate that. Tim has prescriptions to fill next month and I've been calling around and it's averaging around $375 for ONE months supply. It's funny in this country how when we have health insurance we just blindly hand over the card and don't have a clue what the medical professionals and medication companies are charging us........ well, my eyes have been opened and I don't like what I see.