High Deductibles and the Hidden “Costs”

HBI Blog / High Deductibles and the Hidden “Costs”

With the passage of the Affordable Care Act (ACA), often called Obamacare, many breathed a sigh of relief. They finally believed that health care would be within their reach, some for the first time in their life. While this is true for some in the lowest income bracket, there has been a dramatic shift in the entire middle-class bracket. Especially with the high deductibles, that is more than a little surprising, considering what the ACA was supposed to accomplish.

High Deductibles

Most of the middle class, especially the lower middle class, found that the ACA not only cut the services that are deemed “Cadillac plan” services. This also nailed employer with high taxes for offering them, they also found their already high deductibles have doubled.

According to a USA Today story “… the size of the average deductible more than doubled in eight years, from $584 to $1,217 for individual coverage.” That is troubling information when you consider the recession during the same time period. Essentially, high deductibles rose even more just as Americans found themselves with less and less money to spend beyond the basic household bills and health care is becoming a luxury for the middle class.

Near Death Experiences

When you add high deductibles to the co-pay costs, the price of medications and procedures often not covered under stripped-down insurance plans, and more companies requiring co-insurance that has its own version of the same problems, many Americans are now putting off serious procedures and medications.

In the same USA Today article, there is the example of a Denver woman who recently went for three months without the medication she requires to live with her congestive heart failure and high blood pressure because her $2,500 deductible means she would have had to pay the full cash price, which she just could not afford. Her blood pressure shot so high she was literally risking a stroke.

There are several more examples, all of them astonishing when you consider that the recession has literally removed the affordability of health care and insurance for the average working family, while individuals are starting to feel as if they might not have insurance at all, it would cost them less to pay the tax than to have insurance and pay the associated costs.

Self-Pay Patients and Cash Paying Patients are leading the Way

While it might feel that there is nothing to do but put off important procedures and medicines, there is no reason to despair. There is an alternative. Health Beyond Insurance (HBI) is proud to bring you an easy solution. Becoming a self-pay patient or a cash paying patient can resolve the high deductible issue and bring your healthcare costs down by huge amounts, up to 80% according to some research.

Visit today to find the many advantages our free service has to offer, such as the freedom to choose your own doctor, the ability to compare prices, the time you will save by contacting those doctors.