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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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That time of year again....health plans! Tell me about your HSA please?
Anyone forced to go from a regular open access traditional employer plan, to a health savings account? They are trying to convince us its better but I dont see how when we have to pay full doctor bills out of pocket. If you have an HSA do you like it, and why or why not?
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Posted 10/28/15 7:44 PM  |
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Long Island Weddings
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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That time of year again....health plans! Tell me about your HSA please?
My husband had had an HSA plan last year and then he got cancer. It was the worst plan we've had. The amount we had to pay out of pocket was ridiculous. I would have taken the $30-$50 copays each visit over the amount we had to pay out of pocket. This year he was able to get a better plan and he will take the same plan next year that he has this year.
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| Posted 10/28/15 8:52 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
A friend had this happen at his job.
DO NOT DO IT.
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| Posted 10/28/15 8:55 PM |
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JennLala
LIF Adolescent
Member since 10/14 601 total posts
Name:
Jennifer
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That time of year again....health plans! Tell me about your HSA please?
I have a high deductible plan with HSA. The only reason I took it was because it's the only option that covers fertility treatments. If you are someone that never goes to doctors except annual visits you'll be fine and have time to build up your HSA in case you needed it. I don't recommend it though if you take prescription medications regularly or go to the doctor often.
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| Posted 10/28/15 9:01 PM |
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Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Many companies are getting rid of regular plans (PPO) for HSA plans. The truth is you end up paying a lot more out of pocket. Most open up an HSA savings account at work so it's just another place that takes money out of your check .
Seems they add the HSA plans and end up a couple years later getting rid of traditional PPO plans, so you have no choice.
Message edited 10/28/2015 9:44:00 PM.
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| Posted 10/28/15 9:42 PM |
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WannaBeAMom11
LIF Adult
Member since 1/11 7391 total posts
Name:
Name
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That time of year again....health plans! Tell me about your HSA please?
I just went through this today. My job is all yay hsa. I'm like hell no I'll stck with my fsa, higher premium plan. Financially for my family it would not work out for us unless I could take my first couple of paychecks and fully fund the hsa up front which I cannot.
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| Posted 10/28/15 9:42 PM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
A friend had this happen at his job.
DO NOT DO IT.
This is not good advice. HSA's, like all things, have pros and cons and you need more information on what you are being offered and what your needs are so you can make the best decision for your situation.
The reality is many companies use HSA's to transfer cost to the employee. That is why you get a reaction to this. However, this isn't a black and white answer.
Pros -
Allows you to save money that WILL NEVER be taxed as long as you use it towards medical expenses. You carry this with you forever, it's always your money.
Most plans offer free preventative services. No copays for annual physicals, etcs
Some companies put a lump sum into your HSA throughout the year to offset the deductible.
Spending is capped at an out of pocket maximum. this is the most you will ever pay,even if you have $1M in medical bills
Things to consider:
You need to do the math on how much they are taking out of your paycheck+how much you will pay to use services = total money paid and compare traditional and HSA.
Total money paid may not be higher in an HSA if you are overall healthy and the company has lower paycheck deductions than for a traditional plan. A lot of traditional plans have their own deductibles and coinsurance too - you need to compare these equations against how much you predict you will spend.
You may benefit being able to save (and invest) money pre-tax that you will never have to pay taxes on the earnings to use to supplement retirement savings.
For me - my company does not offer traditional plans. They have 2 different HSA's....one with a lower deductible and small company contribution and one with a much higher deductible and no company contribution. It is actually better for me to be in the higher deductible plan and forfeit the company contribution because the paycheck deductions are so much lower. I would need to have 30k in medical bills in order to break even with the premium plan - even with 2 kids getting sick all the time, I don't expect to get anywhere near that!
Anyway - evaluate your needs (estimate your usuage) - compare your offering (how much will this cost you full-cost compared to traditional plans) - and make the choice best for your family.
HTH
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| Posted 10/28/15 10:06 PM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: That time of year again....health plans! Tell me about your HSA please?
Thank you.
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| Posted 10/28/15 10:38 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by queensgal
Posted by DaniJude
A friend had this happen at his job.
DO NOT DO IT.
This is not good advice. HSA's, like all things, have pros and cons and you need more information on what you are being offered and what your needs are so you can make the best decision for your situation.
The reality is many companies use HSA's to transfer cost to the employee. That is why you get a reaction to this. However, this isn't a black and white answer.
Pros -
Allows you to save money that WILL NEVER be taxed as long as you use it towards medical expenses. You carry this with you forever, it's always your money.
Most plans offer free preventative services. No copays for annual physicals, etcs
Some companies put a lump sum into your HSA throughout the year to offset the deductible.
Spending is capped at an out of pocket maximum. this is the most you will ever pay,even if you have $1M in medical bills
Things to consider:
You need to do the math on how much they are taking out of your paycheck+how much you will pay to use services = total money paid and compare traditional and HSA.
Total money paid may not be higher in an HSA if you are overall healthy and the company has lower paycheck deductions than for a traditional plan. A lot of traditional plans have their own deductibles and coinsurance too - you need to compare these equations against how much you predict you will spend.
You may benefit being able to save (and invest) money pre-tax that you will never have to pay taxes on the earnings to use to supplement retirement savings.
For me - my company does not offer traditional plans. They have 2 different HSA's....one with a lower deductible and small company contribution and one with a much higher deductible and no company contribution. It is actually better for me to be in the higher deductible plan and forfeit the company contribution because the paycheck deductions are so much lower. I would need to have 30k in medical bills in order to break even with the premium plan - even with 2 kids getting sick all the time, I don't expect to get anywhere near that!
Anyway - evaluate your needs (estimate your usuage) - compare your offering (how much will this cost you full-cost compared to traditional plans) - and make the choice best for your family.
HTH
Oh I'M sorry I guess I didn't give "good advice". Dear Abby would be so disappointed.
Really?!?! 
Listen, the OP doesn't have to listen to me.
I'm just saying, from an experience that my good friend had -- which was costly and horrendous, if you can avoid it, I would avoid it.
Take such "advice" or not, it's my opinion and it comes from seeing someone very close to me go through a bad personal experience... And hearing from him about many other horrible experiences of his coworkers.
In all seriousness to the OP - good luck though. I hope you can avoid this.
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| Posted 10/29/15 5:46 AM |
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
Posted by queensgal
Posted by DaniJude
A friend had this happen at his job.
DO NOT DO IT.
This is not good advice. HSA's, like all things, have pros and cons and you need more information on what you are being offered and what your needs are so you can make the best decision for your situation.
The reality is many companies use HSA's to transfer cost to the employee. That is why you get a reaction to this. However, this isn't a black and white answer.
Pros -
Allows you to save money that WILL NEVER be taxed as long as you use it towards medical expenses. You carry this with you forever, it's always your money.
Most plans offer free preventative services. No copays for annual physicals, etcs
Some companies put a lump sum into your HSA throughout the year to offset the deductible.
Spending is capped at an out of pocket maximum. this is the most you will ever pay,even if you have $1M in medical bills
Things to consider:
You need to do the math on how much they are taking out of your paycheck+how much you will pay to use services = total money paid and compare traditional and HSA.
Total money paid may not be higher in an HSA if you are overall healthy and the company has lower paycheck deductions than for a traditional plan. A lot of traditional plans have their own deductibles and coinsurance too - you need to compare these equations against how much you predict you will spend.
You may benefit being able to save (and invest) money pre-tax that you will never have to pay taxes on the earnings to use to supplement retirement savings.
For me - my company does not offer traditional plans. They have 2 different HSA's....one with a lower deductible and small company contribution and one with a much higher deductible and no company contribution. It is actually better for me to be in the higher deductible plan and forfeit the company contribution because the paycheck deductions are so much lower. I would need to have 30k in medical bills in order to break even with the premium plan - even with 2 kids getting sick all the time, I don't expect to get anywhere near that!
Anyway - evaluate your needs (estimate your usuage) - compare your offering (how much will this cost you full-cost compared to traditional plans) - and make the choice best for your family.
HTH
Oh I'M sorry I guess I didn't give "good advice". Dear Abby would be so disappointed.
Really?!?!
Listen, the OP doesn't have to listen to me.
I'm just saying, from an experience that my good friend had -- which was costly and horrendous, if you can avoid it, I would avoid it.
Take such "advice" or not, it's my opinion and it comes from seeing someone very close to me go through a bad personal experience... And hearing from him about many other horrible experiences of his coworkers.
In all seriousness to the OP - good luck though. I hope you can avoid this.
I agree with Dani. For some people the HSA may work if nothing comes up with their health. But from personal experience, it was terrible. My husband was talked into taking the plan (he could've stayed with his other plan but the premiums sky rocketed) and then a few months later he was diagnosed with cancer. The amount of money we had to pay out of pocket was insane. Even after what his employer had contributed to the plan. I think it was $4,000 for what his employer contributed. Thankfully after surgery and and some testing my husband was considered cancer free but now he is dealing with MRI's, CT scans, bloodwork and several different specialist visits several times a year. When it came time for his employer to shop around for new health plans for 2015 he sat down with his boss and explained everything and because of this experience his boss shopped around and there were some better and more affordable plans for 2015.
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| Posted 10/29/15 8:14 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
We've had a high deductible HSA health insurance plan for years now, we have no other option from DH's company, and honestly..............I do think it sucks. A lot.
The HSA component of the plan is fine, I actually like it better than the old FSA plan mostly because any money you put into it is never lost, everything you have in your account carries over from year to year, With the FSA you have to make sure and spend everything by year's end. It's hard estimating how much money you will need for medical expenses in a year, with the HSA it doesn't matter because it carries over.
The high deductible/coinsurance component is the worst part. It almost feels like you don't even have health insurance because we have to spend SO much out-of-pocket before the actual insurance even starts paying anything. We have a total out-of-pocket cost of about $8000/yr for our family as a whole. $4000 of that is deductibles which is basically money right out of our own wallet ON TOP of what we pay every week to even have insurance. Then once the deductible is satisfied we have another $4000 in coinsurance. It's crazy.
We've maxed out twice. The first time when I gave birth to my DS and then a year later when he was hospitalized for pneumonia. It was quite costly as you can imagine. As a comparison, when I gave birth to my DD under our old plan when we had co-pays..............it cost me exactly $500 for ALL of my prenatal care, C-section, and hospital costs. My son, for all of the same, cost me $8000. Big difference.
It's hard to say which will be best for your family, you really have to look at all of the coverage being offered and then estimate what you think your family will need in the coming year medically, which isn't always so easy. I'm sure there are benefits to both BUT from my own experience, I really cannot stand the high deductible plan, our out-of-pocket cost is SO high that I just can't really see anything worthwhile about the insurance plan we have.
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| Posted 10/29/15 8:24 AM |
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Salason
♥
Member since 6/05 9878 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by queensgal
Posted by DaniJude
A friend had this happen at his job.
DO NOT DO IT.
This is not good advice. HSA's, like all things, have pros and cons and you need more information on what you are being offered and what your needs are so you can make the best decision for your situation.
The reality is many companies use HSA's to transfer cost to the employee. That is why you get a reaction to this. However, this isn't a black and white answer.
Pros -
Allows you to save money that WILL NEVER be taxed as long as you use it towards medical expenses. You carry this with you forever, it's always your money.
Most plans offer free preventative services. No copays for annual physicals, etcs
Some companies put a lump sum into your HSA throughout the year to offset the deductible.
Spending is capped at an out of pocket maximum. this is the most you will ever pay,even if you have $1M in medical bills
Things to consider:
You need to do the math on how much they are taking out of your paycheck+how much you will pay to use services = total money paid and compare traditional and HSA.
Total money paid may not be higher in an HSA if you are overall healthy and the company has lower paycheck deductions than for a traditional plan. A lot of traditional plans have their own deductibles and coinsurance too - you need to compare these equations against how much you predict you will spend.
You may benefit being able to save (and invest) money pre-tax that you will never have to pay taxes on the earnings to use to supplement retirement savings.
For me - my company does not offer traditional plans. They have 2 different HSA's....one with a lower deductible and small company contribution and one with a much higher deductible and no company contribution. It is actually better for me to be in the higher deductible plan and forfeit the company contribution because the paycheck deductions are so much lower. I would need to have 30k in medical bills in order to break even with the premium plan - even with 2 kids getting sick all the time, I don't expect to get anywhere near that!
Anyway - evaluate your needs (estimate your usuage) - compare your offering (how much will this cost you full-cost compared to traditional plans) - and make the choice best for your family.
HTH
I agree with this. My company offers PPO and HDHP and I have opted for the HDHP for the past two years and saved several thousand. Because of the offset in premium and the ability to carryover HSA, for me, this is a much better plan. I also like that OOP spending is capped. And we're a family that hits the deductible pretty early in the year. You really have to do the math for your family and weigh the benefits of an HSA vs FSA. If you max out your 401k contributions, HSAs are a good way to save additional money tax free for retirement (to cover your medical expenses.)
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| Posted 10/29/15 8:38 AM |
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Blazesyth
*yawn*
Member since 5/05 8129 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by Salason
You really have to do the math for your family and weigh the benefits of an HSA vs FSA. If you max out your 401k contributions, HSAs are a good way to save additional money tax free for retirement (to cover your medical expenses.)
This is all that it comes out to. You need to figure out your own situation and do the math on which is better.
In some cases with the high deductible you'll pay less. I think what bothers people is that you have to lay it out all at once at the beginning, instead of paying a higher premium all year long. For some reason people are OK with paying a little bit all year long instead of laying out the same or less money but in one chunk. In the end paying monthly it may be the same thing or even more.
It's like leasing vs buying a car. Every situation is different and depending on your personal situation one may be better over another. And also people's tolerance for risk and the need for insurance.
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| Posted 10/29/15 9:27 AM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: That time of year again....health plans! Tell me about your HSA please?
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
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| Posted 10/29/15 10:38 AM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
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| Posted 10/29/15 10:45 AM |
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
My old plan cost us an insane amount of money every month but it covered EVERYTHING. Now my plan is significantly less expensive but it covers nothing. I had a baby and then my son was hospitalized for four days this year and I am paying out the nose for both events.
With my old plan there were years where I "lost money" (meaning I didn't utilize my dr.s enough to justify the huge monthly premium) but to me nothing beat the peace of mind knowing God forbid something were to happen, we would be covered. My son was screaming bloody murder while being poked and prodded in the hospital and one of the thoughts I had was "dear God, how will we afford this?". IMO that should be the last thing on a persons mind when their child is sick.
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| Posted 10/29/15 10:53 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
That's EXACTLY the problem. My DS got pneumonia and because his oxygen levels were dropping so low they wanted him admitted into the hospital right away. ONE night in the hospital, oxygen, and a few doses of antibiotics and I maxed out and owed about $8K in medical bills for one illness. Just like that, $8K!! INSANITY.
Now this year, knock on wood, we've all be healthy for the most part so we've only paid out a few hundred dollars this year. But you're just one hospital visit from paying out through the nose with these high deductible plans.
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| Posted 10/29/15 10:56 AM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by Hofstra26
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
That's EXACTLY the problem. My DS got pneumonia and because his oxygen levels were dropping so low they wanted him admitted into the hospital right away. ONE night in the hospital, oxygen, and a few doses of antibiotics and I maxed out and owed about $8K in medical bills for one illness. Just like that, $8K!! INSANITY.
Now this year, knock on wood, we've all be healthy for the most part so we've only paid out a few hundred dollars this year. But you're just one hospital visit from paying out through the nose with these high deductible plans.
Ahh it reminds me of like, driving around without car insurance and hoping there's no car crash.
I don't know if I could do that 
And I don't have the kind of cash-flow to bounce back from something like that.
I have money in savings too that I don't want to drain and I would have to drain that in order to handle a situation like that. Damn.
No, not for me. I'd lose sleep.
Though I get that it may work for some, I totally do.
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| Posted 10/29/15 11:02 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
Posted by Hofstra26
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
That's EXACTLY the problem. My DS got pneumonia and because his oxygen levels were dropping so low they wanted him admitted into the hospital right away. ONE night in the hospital, oxygen, and a few doses of antibiotics and I maxed out and owed about $8K in medical bills for one illness. Just like that, $8K!! INSANITY.
Now this year, knock on wood, we've all be healthy for the most part so we've only paid out a few hundred dollars this year. But you're just one hospital visit from paying out through the nose with these high deductible plans.
Ahh it reminds me of like, driving around without car insurance and hoping there's no car crash.
I don't know if I could do that
And I don't have the kind of cash-flow to bounce back from something like that.
I have money in savings too that I don't want to drain and I would have to drain that in order to handle a situation like that. Damn.
No, not for me. I'd lose sleep.
Though I get that it may work for some, I totally do.
Sadly, DH's company doesn't offer any other options so this is what we're stuck with. I've been complaining for YEARS. Our insurance use to be AWESOME, since they switched to this it just sucks.
It will be two years in March that my DS had pneumonia and I'm still paying the hospital every month out of my HSA. Ugh.
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| Posted 10/29/15 11:04 AM |
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
This is exactly the problem. We thought about the what if's for a split second and then we had to do it. We never thought in a million years one of us would be diagnosed with cancer that year....but it happened. And the last thing we needed to think about was how were we going to afford the medical bills. But we were forced to think about that on top of DH's diagnosis.
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| Posted 10/29/15 11:54 AM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by luckysmom
Posted by DaniJude
Posted by ChilisWife
The issue is that with the regular PPO plan, the premiums, deductibles and counsurance amounts have all dramatically increased. So technically if my family does not go to the doctor at all next year (except well visits which I understand are free) then we will save money even with the higher deductible HSA. But the thought of potentially paying thousands in doctor bills - as if we had no insurance - angers me a lot.
Right, I see what you're saying.
BUT -- I'm wondering, WHAT IF something happens during this year? God forbid.
Meaning, you guys are all healthy and great but if something happens or comes up and then you need to go to the doc a lot -- are you guys screwed??
KWIM??
This is exactly the problem. We thought about the what if's for a split second and then we had to do it. We never thought in a million years one of us would be diagnosed with cancer that year....but it happened. And the last thing we needed to think about was how were we going to afford the medical bills. But we were forced to think about that on top of DH's diagnosis.
I'm so sorry 
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| Posted 10/29/15 12:07 PM |
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luckysmom
Yes it is! Going as planned:)
Member since 6/07 5339 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Thankfully it's all ok now and DH was very fortunate to be deemed cancer free after surgery and there was no need for Chemo or radiation. Now there are tons of follow ups for the next five years and thankfully his company got better and more affordable health insurance for this year because of what DH went through last year. But my point is, you're right. It's great if you do your yearly check ups and nothing comes up. But you HAVE to think about the what if's. The thousands of dollars we had to pay out of pocket, i couldn't even imagine if DH had to do Chemo. The MRI's and CT scans alone cost us a pretty penny after DH's surgery. Forget about the surgery. Of course do what is best for your family, but think about the what if's. God forbod something were to happen, can you afford it? Money is the last thing you'll want to be thinking about at a time like that.
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| Posted 10/29/15 12:20 PM |
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DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
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Re: That time of year again....health plans! Tell me about your HSA please?
Well, thank God for that 
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| Posted 10/29/15 12:47 PM |
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ChilisWife
God Bless America
Member since 5/05 3572 total posts
Name:
A.K.
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Re: That time of year again....health plans! Tell me about your HSA please?
I guess what I dont understand is the "maxing out" - if for example the family maximum under HSA is $3000 then once you pay the $3000 in bills, isnt everything after that at no cost?
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| Posted 10/29/15 1:34 PM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: That time of year again....health plans! Tell me about your HSA please?
Posted by ChilisWife
I guess what I dont understand is the "maxing out" - if for example the family maximum under HSA is $3000 then once you pay the $3000 in bills, isnt everything after that at no cost?
Yes. But depending on your plan that max out-of-pocket cost varies. For ours, we max out at $8K, so that means we're stuck paying for EVERYTHING until we shell out $8K. Then insurance pays for everything else. Some people have better plans and their max OOP expense is less. For us, it sorta sucks. It's a lot of $$ to have to pay on top of paying weekly premiums. You'd be surprised too how fast you can hit that max, one or two emergencies and that's it!
ETA - And the other thing, when you're in that deductible period, it feels like you don't even have health insurance because you are paying the FULL amount of any and all dr visits, tests, meds, etc. Once you max out it's all fine and dandy but who the heck even wants to get to that point when you're someone like me and your max OOP is $8K.
Message edited 10/29/2015 1:43:30 PM.
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| Posted 10/29/15 1:41 PM |
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