Should I switch from my standard plan to a HDHP with a $1400 deductible?

So this year was the first year I hit my deductible ($1000) and now am considering a HDHP next year. My company offers one with a $1400 deductible and out of pocket maximum of $2700 (only $200 more than my current plan).

From what I can tell is that the major difference is coinsurance (20% vs 10%), premiums ($40 vs $80), and copays.

Company is also offering $500 as seed money for an HSA for anyone on this plan.

It doesn’t seem like my selection of providers changes at all, and I feel like even short term and long term I’d still come out on top since the out of pocket Maximum is only an extra $200 in case of some crazy happening.

I’d also stop contributing to my FSA and divert those funds to the HSA…. Though I’m not sure how much growth opportunity exists for money in the HSA if I fund it up to my out of pocket max each year…

submitted by /u/heepofsheep
[link] [comments]So this year was the first year I hit my deductible ($1000) and now am considering a HDHP next year. My company offers one with a $1400 deductible and out of pocket maximum of $2700 (only $200 more than my current plan). From what I can tell is that the major difference is coinsurance (20% vs 10%), premiums ($40 vs $80), and copays. Company is also offering $500 as seed money for an HSA for anyone on this plan. It doesn’t seem like my selection of providers changes at all, and I feel like even short term and long term I’d still come out on top since the out of pocket Maximum is only an extra $200 in case of some crazy happening. I’d also stop contributing to my FSA and divert those funds to the HSA…. Though I’m not sure how much growth opportunity exists for money in the HSA if I fund it up to my out of pocket max each year… submitted by /u/heepofsheep [link] [comments]Read Morer/HealthInsurance

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