You might be a candidate for one of those new Health Spending Accounts. It is designed to work similar to what you are describing. I do not know much about it since it would not be good for me (my wife and I would spend too much for meds that way), but I have heard some folks really like the idea. Do a Google Search on Health Savings Accounts and be sure to do your homework before signing up with a disreputable company.
I had one of those HFA’s mine didn’t reinburse for premiums. But they are really great if you have health costs on a monthly basis and don’t want to spend out of pocket. Mine even had a debt card to pay for perscripions, and other health-related costs.
Just don’t fall into the trap I did. Unfortunately, I had forgotten that the money was “gone” at the end of the year (the account gets wiped out to nothing) and I lost about $30 or $60, good for one or two month’s co-pay. I don’t know if all flex spending accounts are like this but it’s important you plan an accurate budget for it if they are.
There are two types of Health Savings Accounts. One is the flex which must be used all in one year and the other allows roll-overs and is tied directly to a health insurance policy for catastrophic types of events.
Wow, just to see how much it would be, I looked online for medical coverage for my family, 2 adults, 2 children, and had prices ranging from $350.00 to $1140.00……I nearly fainted. Hopefully they won’t start calling to see if we are ready to be covered, snicker!