Yellow's Green

The Adventures of Money Blog.

Wednesday, May 03, 2006

Cost of Health

We currently have great insurance, and after spending 2 days in the hospital, with our baby son going through surgery, we are very thankful. We are optimistically expecting this entire ordeal to cost us nothing more (Out-Of-Pocket) than the $20 copay we've already shelled out.

Through Erik's work, we pay $1420/year for insurance for Erik, Jasper and me.
Right now, on average we also spend about $50/month in addition out of pocket medical expenses. This includes prescriptions, over-the-counter meds, and copays.

If we did not have the benefits of Erik's job, healthcare costs would blow us out of the water. This is probably the #1 thing that would keep us from working for ourselves full-time, farming and whatnot.


  • At 5/04/2006 8:01 PM, Anonymous Anonymous said…

    It's a major reason I'm still doing what I'm doing.....I know that reality all too well.

  • At 5/19/2006 6:53 AM, Anonymous ric said…

    and get this... wehn we started with IBM we paid about $40 per month in premiums then probably spent about 1-200$ per year for other stuff... even if we ended up in the hospital. 15 years later we are paying over $600 per month for our premium and this last baby cost us almost $3k. Ethan's three hours in the with bad croup when Marcel's dad took him in cost us almost $700. Even with the best insurance a huge company like IBM offers healthcare is waaay too expensive. And it's not like the company is sticking us with more of the bill... they are being run into the ground with the expenses too!


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