I'm comparing some health insurance plans with Humana, and trying to understand the relationship between the price tiers. For a single HDHP plan, they have these price options:
$1,500 Deductible - you pay $141.07/month (Tot- $3192.84)
$2,500 Deductible - you pay $100.30/month (Tot- $3703.604)
$3,500 Deductible - you pay $80.38/month (Tot- $4464.56)
$5,000 Deductible - you pay $61.48/month (Tot- $5737.76)
$5,950 Deductible - you pay $56.42/month (Tot- $6627.04)
Alright, so annually, the last option is more than double the price of the first, for the same plan.
I understand that everyone's finance situation is different, so some need a lower monthly payment - that makes perfect sense.
The irony is: How could you not afford the higher monthly payment, but you could afford the overall more than double annual cost?!?!
What am I missing?