My wife and I have a 2 year old. For the 3 of us, Anthem health insurance is $628.14.
Recently I used an online dermatologist and paid $50 (insurance wouldn't cover any) and was prescribed 2 creams. My insurance will not pay for them, and together the cost is $420, which I can't afford. At the end of the month we are taking my son to an allergist because he has eczema and possibly a skin allergy. He has been prescribed the same medicine last year at a cost of 15 dollars. If he needs it this year, we will have to pay out of pocket anyway.
My question is, would it be cheaper to just poclet the insurance money and pay out of pocket? We could save 7500 dollars a year if we didn't have insurance, and just pay when we needed it. None of us go to the doctor often as we are all young, but I worry about what would happen if we didn't have insurance and someone had a serious injury. I don't really know what to do, because as orly this month, if I buy my medicine that I can't really afford, I will have paid 50 for the visit, 420 for the meds, and 628.14 for the insurance, meaning in one month I would be out almost 1100 bucks for one visit.
I'm at a loss, so any help is appreciated. Also, I'm in KY, and pre-tax my wife and I make a little over 90K a year. After tax is substantially less.