Hello,
My wife and I are expecting twins during the open enrollment period at my work. Does any one have experience taking this kind of timing to their advantage and dropping down to a very low deductible/ high premium plan after the qualifying life event, and at the same time signing back up for a much higher deductible/low premium plan during open enrollment?
My wife is on her own low deductible plan and we do not plan on making any changes there. The twins would be added to my plan and then my plan would be temporarily changed. Twin births can be very expensive, especially with a potential of NICU time. The idea is that all of the high expenses should be incurred during the 2 month period between the QLE and the beginning of the new plan year. To keep the low deductible plan would cost us an additional $3000 for the year. Is this is a good strategy given the timing of this pregnancy or am I missing something here?
submitted by /u/twindad21
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Hello, My wife and I are expecting twins during the open enrollment period at my work. Does any one have experience taking this kind of timing to their advantage and dropping down to a very low deductible/ high premium plan after the qualifying life event, and at the same time signing back up for a much higher deductible/low premium plan during open enrollment? My wife is on her own low deductible plan and we do not plan on making any changes there. The twins would be added to my plan and then my plan would be temporarily changed. Twin births can be very expensive, especially with a potential of NICU time. The idea is that all of the high expenses should be incurred during the 2 month period between the QLE and the beginning of the new plan year. To keep the low deductible plan would cost us an additional $3000 for the year. Is this is a good strategy given the timing of this pregnancy or am I missing something here?
submitted by /u/twindad21 [link] [comments]Read Morer/HealthInsurance