How Individuals Can Insure For A High Deductible?
Instead of putting $140 a month into a bank account, suppose people instead set aside the money in the Health account. After 12 months, they will have paid $1,680. For that amount, they will have coverage for the first $1,980 of medical expenses.
In other words, you are getting $1.17 in medical benefits for every $1.00 you pay in contributions, on the average in year 1.
Year 2, you get more than $3 of coverage for every $1 contributed.
Year 3, you get almost $7 of coverage for every $1 contributed.
After 35 months of contributions, people with no medical bills will have their own medical coverage that completely fills the $10,000 deductible gap.