My insurance changed July 1. I changed to a HSA account, after weighing it out against the other traditional plan my company offered and determined the HSA would be cheaper in the long run. And when I submitted the request for my first new order on this insurance to my medical supply company, this is what I got back:
90 supply of sensors is $1215.48
g4 transmitter is $571.20
90 days of pump supplies is $433.80
12 boxes of test strips is $284.04
Grand total is $2504.52 but you have a $2000 deductible so the charge will be $2000. Since you’re meeting your deductible, you have a 0% coinsurance, so your next order will be no cost to you.
Yes, I met my deductible 18 days into my new insurance plan year, on my very first order for the year. And I’ll have to meet it again in January. Because I definitely have $2000 just sitting around in an account screaming “Use me on medical supplies!”
Sadly, those of us with chronic conditions look at insurance plans and think, “How quickly can I meet this deductible?” Because usually, the question isn’t IF we’ll hit it, but rather WHEN.
Oh, and the kicker: the medical supply company screwed up the calculations at first and were going to charge me $1300 but it kept declining. Turns out my HSA card only lets me spend $1000 max per transaction. Because that makes a lot of sense.