Health Care Up 300%
April 3rd, 2009. Filed under: Finance & Fitness Fridays.My employer recently changed insurance companies to handle our health care benefits. It wasn’t difficult to see some immediate changes. The employee’s payments nearly doubled. The yearly deductible did double. But it didn’t really hit me until I went to CVS to pick up a medication refill. My co-pay zoomed up 300%.
I contributed $250 to an FSA last year. This was the maximum allowed. This year they are allowing us to contribute up to $500. I’m certainly glad I chose to do that. It appears as if I’m going to need it just to handle medication and doctor co-pays.
This makes a body look forward to age 65 and Medicare.