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When Even Good Insurance is No Longer Good

Daniel Paull M.D.: Don't stay in your job just to keep your insurance benefits, they aren't worth it

Don’t stay in a job that you don’t like because it has good insurance.

Even “good” insurance isn’t even really good these days. It’s not like it was 20 years ago when networks were much wider and deductibles were much lower.

The health insurance we have today is much more expensive, has a much more narrow network, and are usually paired with much higher deductibles. It is not a good deal.

Even if your job is “covering” it, you are still paying no doubt hundreds of dollars a month straight out of your paycheck. And as premiums go up every year, it makes it harder for your company to give you a raise when they have to cover all of the healthcare.

Health insurance today is a bad deal for most people. Staying in a job you don’t like for benefits that you don’t really use and aren’t even that good is not a good move.

 

Health insurance today is a bad deal for most people. Staying in a job you don't like for benefits that you don't really use and aren't even that good is not a good move. Click To Tweet

 

So what’s the alternative?

Many employers are doing this, and I do this myself.

I pay for a DPC membership for myself and my family, which allows us to see a DPC (best care out there) doctor as much as we want and get labs and medications at cost.

For catastrophic care, I use a healthshare (Sedara is what I personally use), which will cover any large expenses.

That being said, my family is healthy.

If you are very unhealthy or meet your deductible every year, then it may make sense to actually stick with the standard health insurance because your are actually using it.

But for everyone else, it’s probably not a good move.

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