Health insurance is one of those things that most people find way more complicated than necessary. If you can't keep deductibles, premiums, out-of-pocket maxes and co-pays straight, you're not alone. A lot of people just randomly pick an insurance option and hope for the best. Terminology Premiums are your monthly payment just for being covered by a health plan. Your premium is fixed for the . . .
In past posts, I've suggested self-insuring to save money. Insurance companies have figured out the odds of you filing a claim and have set the premiums accordingly. They probably won't make money on you every year, and likely will lose money on you some years. Over time, however, they will collect more in premiums than payouts. The less insurance you carry, the more you will save. Learning how to . . .
You are likely paying for several kinds of insurance- car, life, house, renters, health etc. Insurance makes us feel secure and protected from life's 'eventualities'. We hope that when the crap hits the fan, insurance keeps it from hitting us too. Unfortunately insurance also costs us quite a bit too. If you add up all the premiums you're paying, insurance is probably one of the largest items on . . .