<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Trying to Figure out Insurance for 2016

Trying to Figure out Insurance for 2016

September 25th, 2015 at 02:39 am

There are two types of insurance that I'm not sure we need...?

Personal Articles Floater
This covers our wedding rings which we wear every day and also a pearl necklace that lives in the safe deposit box. I wear it maybe every other year once. So the Personal Articles Floater is $248 a year. The necklace is worth a lot (no idea how much), and the rings are probably $2000 each. Should I self insure instead with that $248? Maybe get the pearls appraised? (No idea in our town where I'd do that).

Dental
We pay about $50/month for dental insurance. What if I put that into an account instead and self-insure on that? I need to review what we're covered for. I think the insurance only covers half. It pays for part of one annual cleaning. But $50/month is $600 per year. That's a lot of cleanings! This is just for me and F... it's an add on to our medical insurance.

A little more research is in order.

Posted in Frugal Living | 4 Comments »

4 Responses to “Trying to Figure out Insurance for 2016”

  1. latestart Says:
    September 25th, 2015 at 09:11 am 1443172296
    1443172296

    Do you have access to a flexible spending account. One of my co-workers stopped her dental insurance and placed the cost of her cleanings into her spending account.

  2. MonkeyMama Says:
    September 25th, 2015 at 01:50 pm 1443189059
    1443189059

    Dental insurance is one of those things that has never made any sense financially, for us. Of course, we each pay $120 per year for cleanings and X-rays. There are dentists out there that give significant discounts if you don't have insurance or cater to the insurance-less. (We've just lucked into this since my forever dentist retired. We were extremely picky wanting a conservative dentist, and he just turned out to be so cheap. But he caters more to the poor, overall). Even if we consistently needed more work, I haven't seen any private insurance plans that help from a cost/benefit standpoint.

  3. FrugalTexan75 Says:
    September 25th, 2015 at 03:37 pm 1443195436
    1443195436

    If I was paying $50/mo for dental insurance ... I think I would self insure. I currently pay around $7/month? (after the employer coverage) for it, although I haven't used it at all this plan year ... Oops. Need to make an appointment for October to use it at least once!

  4. Buendia Says:
    September 25th, 2015 at 04:26 pm 1443198372
    1443198372

    I have decided my business is going to set up an FSA! I looked into HSAs and HRAs and I think an FSA is the best option for us. So now I'm doing a little research online...

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]