I did like you, and got what I thought was catastrophic only … turned out to NOT be catastrophic, only high deductible. Watch out for those. I just found that out … 6 years later … thank heavens no catastrophic costs occurred. Am now looking for good catastrophic-only, but having little success. Insurance agents aren’t interested in helping people like us, I’m assuming because they make very little money off us. The insurance industry make money off the nickel and dimes and with catastrophic there are no nickels and dimes. The profit is much leaner, which is good for us, bad for insurance companies.

Want to know why universal insurance is trying to be comprehensive? Many reasons, but the biggest is that it provides the most opportunity for insurance companies to still be involved and make a living, imho.

(ok so I’m kidding – this is from they guy you trailed all year long in vail….the web thing is amazing – can’t believe how I just found this article. searched you name in google to see what came up…saw this article link…clicked…and there you have it. Actually – this system sounds pretty good. And actullay we’ve seen this from family budgeting guides from years and years ago…this is just w/ a modern twist. The old one’s suggested you put cash for the week in an envelop, and draw off of it. I’d like to talk to you more about this. One question – can you tell your well’s system to drop more $$ into this account at different times of the year? so you can have the cash profile mirrow higher and lower spending months????

Regardless, good speech/advice. Were more of our citizenry of like mind; maybe we would not be in our current mess.

Luv Dad

Your health insurance provider can tell you if the plan you’re on (or considering) counts as creditable coverage. I recommend only creditable coverage, especially for families.

Some reading:
http://www.dol.gov/ebsa/faqs/faq_consumer_hipaa.html
http://www.dol.gov/ebsa/pdf/consumerhipaa.pdf

BTW, your decision on dental makes sense for another reason — most dental plans do not cover dental catastrophies, the very reason you normally get insurance. Dental insurance is basically a way for large companies to provide an extra pre-tax benefit for employees and make no sense for individuals.