J9 recently commented and ask that I explain my healthcare. Thank you for this suggestion. This topic is timely as the country debates health reform.
So I’m writing this on a rainy Thursday morning, trying to decide whether to eat eggs or hamburgers for breakfast. Yes, my diet is still meat heavy. I’m conducting a lifelong test on the question, “Does saturated fat clog arteries?”
I have a Health Savings Account combined with High Deductible Health Insurance through Golden Rule Insurance. My insurance premiums and the money I contribute to the savings account are tax-deductible.
Congress created this program in 2003. I jumped on it quickly because I already had high-deductible health insurance. It’s a burden to pay the premiums and to contribute to the savings account, but it’s nice to have money I can use for medical expenses. And any money I don’t use for medical expenses can be used tax-free for any purpose once I reach retirement age.
So what does this look like in practice? I have a $3000 deductible policy. For this insurance I pay $2223 annually. I contribute $2850 annually to my savings account. So my total health cost for the year is $5073.
I am in favor of healthcare reform. However, I reluctantly admit, I am not writing letters or attending listening sessions. I do little more than vote. I am waiting to see what congress comes up with and will choose the best option for me.