Sorry in advance because I don’t know how to really compare these options. Husband makes about $65,000/yr and I make about $105,000/yr. Not sure if I should take on the insurance for now because my monthly payment would be high, but would I save by contributing pre-tax to HSA and then maybe we can transfer to his plan in a few years once we have a substantial portion of pre-tax funds saved up in our HSA? We are both relatively young (early 30s) starting out in our careers. Husband will be making much more $ in a few years as he switches into a managerial role (already in school for it). Husband also has medical condition that will require medication for the rest of his life. He currently uses GoodRx to pay for it because his insurance doesn’t cover anything and it is very expensive.
Husband’s plan:
- $4,000 deductible for 2 people
- EDIT: I do not understand how his insurance works. His paperwork says the total cost for individual +1 = $2144, but then right below that it says “employee cost for total plan at 18% co-pay = $385.95” which is more than $2144 for the year? He doesn’t understand this either.
- His employer would contribute $2,000/yr to his HSA if I am added
- 0% co-insurance after deductible, 30% out-of-network
My plan:
- $5,000 deductible for 2 people
- I would pay about $600/mo. for 2 people
- My employer would contribute $2,500 to HSA for 2 people
- 20% co-insurance after deductible
- I can contribute up to $4,700 pre-tax to HSA if we have 2 people on the plan. This would be much less of a hit to my paycheck than my husband’s because I pay a lot in taxes based on my income.
Edit: FUCK THE U.S. INSURANCE SYSTEM
submitted by /u/Savonna6
[link] [comments]
Sorry in advance because I don’t know how to really compare these options. Husband makes about $65,000/yr and I make about $105,000/yr. Not sure if I should take on the insurance for now because my monthly payment would be high, but would I save by contributing pre-tax to HSA and then maybe we can transfer to his plan in a few years once we have a substantial portion of pre-tax funds saved up in our HSA? We are both relatively young (early 30s) starting out in our careers. Husband will be making much more $ in a few years as he switches into a managerial role (already in school for it). Husband also has medical condition that will require medication for the rest of his life. He currently uses GoodRx to pay for it because his insurance doesn’t cover anything and it is very expensive. Husband’s plan:
$4,000 deductible for 2 people EDIT: I do not understand how his insurance works. His paperwork says the total cost for individual +1 = $2144, but then right below that it says “employee cost for total plan at 18% co-pay = $385.95” which is more than $2144 for the year? He doesn’t understand this either. His employer would contribute $2,000/yr to his HSA if I am added 0% co-insurance after deductible, 30% out-of-network
My plan:
$5,000 deductible for 2 people I would pay about $600/mo. for 2 people My employer would contribute $2,500 to HSA for 2 people 20% co-insurance after deductible I can contribute up to $4,700 pre-tax to HSA if we have 2 people on the plan. This would be much less of a hit to my paycheck than my husband’s because I pay a lot in taxes based on my income.
Edit: FUCK THE U.S. INSURANCE SYSTEM
submitted by /u/Savonna6 [link] [comments]Read Morer/HealthInsurance