I am lucky enough to be provided with Company health insurance. However, I spend over $5,000 a year for my kid’s coverage. Since the deductible is over $12,000 for family, it may be more financially feasible to pay out of pocket. Health insurance providers are making huge profits and continually raising premiums and deductibles. We are basically giving money to monopoly health insurance providers, so they can buy mansions on the oceans, exotic cars and islands.