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Tafkam Hokie

Joined: 10/07/1999 Posts: 35179
Likes: 13640


Depends on the plan


At an old employer, the options were something like this:

Regular PPO - $600 deductable, $25 co pay, $375/month premium.
HD Plan - $2000 deductable, $6000 out of pocket max, no co pay, $72/month premium, and the company deposited $1800 in a HSA for you at the start of the year.

In that situation, the HD plan was a no-brainer. Between the premium savings and the bonus HSA money, you completely offset the higher deductible.

But at my current employer, the premium difference is less than $100/month, the deductable is $400 vs $4000, and they only put $1000 in the HSA.

Only way that makes sense if you have good reasons to believe you will not need much medical care. And I have a few too many orthopedic needs right now to assume that.

(In response to this post by Vienna_Hokie)

Posted: 02/20/2019 at 6:24PM



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Current Thread:
 
  
Anyone else work for a company that offers poor insurance plans? -- OrangeHokieFan 02/20/2019 10:43AM
  Depends on the plan -- Tafkam Hokie 02/20/2019 6:24PM
  There are some plans -- TJE_Hokie 02/20/2019 2:13PM
  Absolutely. SportsWar is in the same boat. -- Will Stewart  02/20/2019 3:48PM
  I retired early without -- VTUD 02/20/2019 8:50PM
  That was the plan. -- hokiehunter07 02/20/2019 2:47PM
  Yup...that was the true intent ** -- Vienna_Hokie 02/20/2019 3:08PM
  God help us one and all. :) ** -- vt90 02/20/2019 2:51PM
  Honestly... -- MBHokie90 02/20/2019 12:58PM
  Universal health care is not the problem... -- HokieForever 02/20/2019 10:26PM
  Wow imagine that -- OrangeHokieFan 02/20/2019 8:46PM
  This. -- hokiehunter07 02/20/2019 2:48PM
  HI isn't the only reason to own a business. ** -- 48zip 02/20/2019 1:32PM
  Except that ... -- vt90 02/20/2019 1:15PM
  But ... -- vt90 02/21/2019 08:07AM
  That's an easy fix though... -- MBHokie90 02/20/2019 3:28PM
  We made $198 million last quarter -- OrangeHokieFan 02/20/2019 12:54PM
  Them not negotiating for better plans is the issue -- OrangeHokieFan 02/20/2019 1:42PM
  How many employees? Any bonuses? ** -- 48zip 02/20/2019 1:55PM
  How do you know? Were you in on the process? -- vthokieq 02/20/2019 1:47PM
  Was in on the meetings -- OrangeHokieFan 02/20/2019 8:37PM
  Sounds pretty good to me. ** -- 48zip 02/20/2019 1:36PM
  A $5k deductible is not uncommon these days -- fordham 02/20/2019 11:12AM
  The $480 is me paying my 20% -- OrangeHokieFan 02/20/2019 11:15AM
  I think the average age is 56 -- OrangeHokieFan 02/20/2019 12:31PM
  Yes. So I'm on my wife's plan. ** -- HokieNoVA 02/20/2019 10:53AM
  What industry do you work in? I have gppd insurance at my job, -- GreencastleHokie 02/20/2019 10:51AM
  I work for a corporate holdings company -- OrangeHokieFan 02/20/2019 10:54AM
  Inside -- GreencastleHokie 02/20/2019 1:04PM

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