Sometimes even really good insurance sucks.
Originally posted on A Canvas Of The Minds:
I am extraordinarily lucky: I have complete coverage health insurance. That means all therapy, lab tests, prescriptions, and other services – even chiropractic – are covered 100%. It sounds too good to be true, right?
The catch is that it’s a high deductible plan, and while my husband’s employer pays the bulk of the $11K deductible, we pay about $2K. No problem, I said, I’ve done the math and that’s cheaper than copays. Our portion of the deductible comes out of an FSA (flexible spending account), which is drawn pre-tax out of my husband’s paycheck throughout the year, so we’re not suddenly scrambling to make ends meet while we pay our portion of the deductible.