After publishing my last post about my insurance coverage I realized we will definitely max out next year’s medical deductible. I suppose all that worry over squeezing in prescriptions and doctor’s visits was rather pointless. According to the medical records my son’s birth cost $8,400. The hospital billed my insurance company $4000 and the obstetrician charged an additional $4,400. It goes without saying that our $3000 deductible will most likely be met.
Back in 2011 our insurance covered the majority of these bills. I paid $1575 out of pocket, primarily in the form of co-pays and co-insurance, using the money set aside in my FSA fund. This time around I’ll have to pay the entire deductible before the insurance company will kick in any money.
I also realized that the addition of a new family member will increase our monthly premium by $171.
Our deductible also applies to prescription drugs, so I’m pretty certain I’ll have to pay the full amount on all refills until our deductible is met. I transferred my prenatal vitamin to a new pharmacy in order to earn $25 in store credit. I’m not certain the transfer was really worth the effort.
I used a special money saving coupon with this particular vitamin and the new pharmacy couldn’t figure out how to apply the discount. It took thirty minutes of waiting around, a follow up phone call and ten minutes back in the store the following day to get everything sorted out. I thought the issue was with my insurance coverage, but it turns out that I spent all that time waiting around for a $20 coupon.
Unfortunately I got stuck in limbo waiting for the problem to be resolved. I couldn’t go back to the original pharmacy because the prescription had already been transferred and I couldn’t move forward with the new pharmacy because they couldn’t figure out the billing situation.
Although the issue was finally resolved I do wish it hadn’t taken so long to do so. When am I going to learn to stay away from coupons?
I used the store credit to buy four packs of diapers and two boxes of tissues. I paid $1.30 for all six items, but I’m still not sure it was worth all that extra effort.