Post by Sprockey on Oct 26, 2017 8:28:31 GMT -5
I decided to change it up based on my Company's offerings
I am taking the HDHP (High Deductible Health Plan) as opposed to the Buy-Up PPO that I have been taking.
The difference in out of pocket premium fees is $4700 a year. I am putting $3000 into the HSA account and my Co. is contributing $1200 to it.
So while I won't see much of a difference in my pay check, any unused money that goes into the HSA rolls over (and is never lost).
The MAX out of pocket is $7150. So worst case scenario is that I risk paying out an additional $3k.
Best case is that if we have low medical expenses next year (like we did this year) then I will have a cushion in my HSA
The PPO MAX out of pocket is $5600, so not much of a difference there.
Preventative care is covered at 100% and not subjected to deductible Prescriptions are covered at 80% (after the deductible is met). The annual deductible is $2900.
No one in my family is on any regular prescriptions though.
Anyways, Hopefully I will make it out ahead at the end of the next year or two. I like the idea of the money going into my fund and building up.
If I hate it then I can go back to the PPO.
Anyone else doing something similar or considering it?
I am taking the HDHP (High Deductible Health Plan) as opposed to the Buy-Up PPO that I have been taking.
The difference in out of pocket premium fees is $4700 a year. I am putting $3000 into the HSA account and my Co. is contributing $1200 to it.
So while I won't see much of a difference in my pay check, any unused money that goes into the HSA rolls over (and is never lost).
The MAX out of pocket is $7150. So worst case scenario is that I risk paying out an additional $3k.
Best case is that if we have low medical expenses next year (like we did this year) then I will have a cushion in my HSA
The PPO MAX out of pocket is $5600, so not much of a difference there.
Preventative care is covered at 100% and not subjected to deductible Prescriptions are covered at 80% (after the deductible is met). The annual deductible is $2900.
No one in my family is on any regular prescriptions though.
Anyways, Hopefully I will make it out ahead at the end of the next year or two. I like the idea of the money going into my fund and building up.
If I hate it then I can go back to the PPO.
Anyone else doing something similar or considering it?
