I have a suspicion that most people feel their health insurance deductible is higher than it should be. The exception might be those who've chosen a high-deductible health plan to keep premium costs down.
For many of us with job-based health insurance, our employer does all the rate-negotiations with health insurers. If we haven't switched jobs lately or shopped for individual health insurance, we may not be aware how much the average health insurance deductible is.
This year, the average deductible for a worker with job-based health insurance is $1,135 according to the Employer Health Benefits Survey done annually by the Kaiser Family Foundation and the Health Research and Educational Trust. To put this in perspective, the 2008 survey found the average deductible was $735.
Employees of large companies had lower deductibles than employees of small businesses. Large company employee deductibles average $884 compared to $1,715 for employees of small companies.
This makes me grateful for my below average deductible; although, admittedly, I don't feel all that grateful as I'm paying it.
How do you feel about your deductible? Weigh in with the poll.