My wife and I are expecting our first child with a due date of 12/31 this year. For 2021, we are currently covered under separate health insurances from our respective employers with mine being an HSA eligible plan and hers being a PPO. For 2022, we are planning on combining onto my currently HSA eligible plan for the family. For running scenarios assuming a 2021 birth, have a couple of questions around potential ‘Birthday Rule’ impacts as well as HSA contribution options.
If my understanding of the ‘Birthday Rule’ is correct, my insurance would be primary and hers secondary given my birthday is earlier in the calendar year. Given that my wife’s plan has more favorable terms (excluding premium costs) with $500/$1000 individual/family deductibles and 15% coinsurance vs mine $1500/$3000 individual/family deductibles and 20% coinsurance, how would the two insurances coverages play out?
Also given that I have a HSA eligible plan and mine would be considered primary given the ‘Birthday Rule’ above, would I in theory be able to make a HSA contribution up to the family limit ? From looking online, it looks like I can make a retrospective HSA contribution so that I hopefully wouldn’t need to do so right away with everything else going on, but could also my wife’s plan being secondary have any impact on being able to contribute to the HSA as well?
submitted by /u/stubie77
[link] [comments]My wife and I are expecting our first child with a due date of 12/31 this year. For 2021, we are currently covered under separate health insurances from our respective employers with mine being an HSA eligible plan and hers being a PPO. For 2022, we are planning on combining onto my currently HSA eligible plan for the family. For running scenarios assuming a 2021 birth, have a couple of questions around potential ‘Birthday Rule’ impacts as well as HSA contribution options. If my understanding of the ‘Birthday Rule’ is correct, my insurance would be primary and hers secondary given my birthday is earlier in the calendar year. Given that my wife’s plan has more favorable terms (excluding premium costs) with $500/$1000 individual/family deductibles and 15% coinsurance vs mine $1500/$3000 individual/family deductibles and 20% coinsurance, how would the two insurances coverages play out? Also given that I have a HSA eligible plan and mine would be considered primary given the ‘Birthday Rule’ above, would I in theory be able to make a HSA contribution up to the family limit ? From looking online, it looks like I can make a retrospective HSA contribution so that I hopefully wouldn’t need to do so right away with everything else going on, but could also my wife’s plan being secondary have any impact on being able to contribute to the HSA as well? submitted by /u/stubie77 [link] [comments]Read Morer/HealthInsurance