Quick Health Plan advice

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Aug 22nd 2017, 4:59 pm

#16

Giantaxe

Lost in BE Cyberspace

Joined: Jan 2006

Location: San Francisco

Posts: 12,865

Re: Quick Health Plan advice

Quote:

Originally Posted by Pulaski

The revelation for us was realising that point: with high deductible insurance and an HSA the worst possible outcome was that we would be as badly off as of we had stuck with traditional insurance,

In general, that depends on your relative after-tax cost of the "regular" and HDHP insurance and the size of your deductible/copayments in each plan, taking into account any contribution your employer makes to the HSA.

Quote:

Originally Posted by Pulaski

but every year we used few medical services we would be streets ahead.

Agreed.

Aug 22nd 2017, 5:58 pm

#17

Phyzz

Forum Regular

Joined: Mar 2014

Location: Hershey, PA

Posts: 100

Re: Quick Health Plan advice

Quote:

Originally Posted by Harveyspecter

My thinking is, that with the $6k deductible plan, what is gained by lower premiums would be lost in bills right away. However I do believe the maximum out of pocket amount in the $3k deductible is actually higher than the $6k deductible plan.

I would appreciate some advice, as I'm feeling quite stressed by the thought of potentially having $12k in medical bills for this yr and next and feeling like I'll never be able to build any substantial savings up in my HSA.

If I am reading this correctly you are 'planning' on taking a hammer to the health plan next year regardless of the plan you take out.
If this is the case then I would think that the Max OOP value is going to be the key in the decision on which plan to take for next year. (If you believe that the costs you incur are going to reach this level.)

20% of a lot is still a lot.
I had one incident this year that meant going from a long way from the deductible to immediately at the max OOP in the blink of an eye.