Friday, January 23, 2009
Ugh, Medical bills
Medical bills seem to always trash our budgets. We recently had our youngest allergy tested. I just got the EOB(explanation of benefits) statement. I noticed our insurance raised our copay and our deductibles!
Our copays have gone from $15.00 to $20.0 and our deductible went from $200 individual to $300! So we will be getting a bill shortly for $310.00. We have had two visits and I paid only $15.00 each time for the copay, so $10.00 will be for the shortage on the copay.
This means we will not be paying much on the credit card till we pay this off. You won't see our debt go down much till we get our tax refund. My older kids get shots every week. So we will be getting hit with huge bills for their copays as well as their deductibles.
When we become debt free. We intend to have a nice $2000.00 cushion set aside each year for just medical bills. Our children are thankfully quite healthy. One year our 3rd son had some major surgery. He was born without a soft spot so this surgery was quite extensive on a 6 month old. They had to "create" a soft spot. The surgery and care ran around $180,000.00. However, we paid around $12,000 of it. I know that sounds like great insurance and it is, but no matter how you cut it 12,000 out of anyone in one year is tough!
I just wish they spread these over the year instead of just slamming us with them right after the holidays and into the New Year. It makes for a depressing beginning!