I am increasing my deductible to $6,550, with the same insurer, and just paying for everything up to that on my own. I'll still get the contracted rates the the insurer gets from the providers. Self insure the small stuff and reduce the premiums 40% ...
Kind of like a $2,000 deductible on your auto comprehensive.
Insurance is risk transfer -- I can afford the $6,550 risk.
Same policy was a 13.8% annual increase -- I didn?t even reach the $3,950 deductible on that last year ...
Health Savings Account (HSA) - Obamacare Facts
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A Health Savings Account (HSA) is a tax-advantaged medical savings account you can contribute to and draw money from for certain medical expenses tax-free. HSAs can be used for out-of-pocket medical, dental, and vision. HSAs can?t be used to pay health insurance premiums.
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If you are self employed, buying your own policy, set up a tax deferred HSA (*health savings account) High Deductible Plans and HSAs really well if you have to absorb the full deductible.