3 of 9
BACKNEXT
Gardner Cook: $325
Gardner Cook: $325
Gardner Cook (left) with his business partner, Layne Kemp.
Age: 42
Occupation: Employee-benefits broker
Hometown: Sonoma, Calif.

We have an Anthem health savings account with a $3,000 deductible. Our monthly premium for two adults and two children is $325.

Health insurance is my business and I chose an HAS plan, or Health Savings Account, for my family. An HSA is set up at a local bank in correlation with a participating insurance company. Funds put into the HSA are tax free.

My family is active and we do our best to stay healthy, so we typically do not exceed the $3,000 deductible. Last year, we spent about $300 on doctor's visits. This year it might be a little bit more because my kids already got sick. We had to pay around $50 to take each kid to the doctor, and that money came out of our HSA account.

When picking a health insurance plan, I look at the premium. If we were to spend $550 per month to have a lower deductible, we would be spending $225 more per month. Instead we put that money into a HSA account, almost covering our $3,000 deductible. If we don't use the money this year, it rolls over for next year.

My thoughts on universal health care: Health care should remain mostly in the private sector, except the government should have a catastrophic claim umbrella.

There are a lot of people out there who just don't want to pay the $325 a month like I do. And a lot of uninsured people think that all insurance programs are just too expensive -- they need to be educated to understand that there are alternatives.

NEXT: Fran Barker: $198

Last updated May 01 2009: 12:50 PM ET
More Galleries
10 things you'll love about Windows 10 There's a lot to like about Windows 10. Here are our favorite features in Microsoft's soon-to-be-released operating system. More
Warren Buffett's gone cold. How his top 10 stocks are doing The Oracle of Omaha is an investing legend. But several of Berkshire Hathaway's biggest investments are off to a lousy start in 2015. Will shareholders complain at the annual meeting in Omaha on Saturday? More
BMW's M235i doesn't compromise BMW's new M235i gives you the performance of an M car for a lot less money. More

Special Offer