With jobs, I like to say it isnt so much what they pay you as it is what
you have to do to get the money.
Similarly with health insurance, the cost is only half of what you should
consider. The other half is what kind of doctor you get if you get sick.
With PPO, you decide where you go. With HMO, someone else decides, and you
may or may not like the answer. For routine stuff it is fine. For anything
complex or specialized surgical stuff, it's a different story.
On Sun, Sep 29, 2019, 7:35 PM Kaleb C. Striplin via Mercedes <
mercedes@okiebenz.com> wrote:
> One thing I forgot to mention is the employer matches up to $2k HSA
> contribution. I need to clarify but I assume that means if I put in at
> least $2000 per year they put in $2000 per year for a total of $4000 in
> the account per year.
>
> On 9/29/2019 9:15 PM, Kaleb C. Striplin via Mercedes wrote:
> > I brought this up a while back comparing PPO to HDHP HSA plans. The
> > consensus was if you use the plan very much the cost at the end of the
> > day would end up being the same. It is now time for me to decide one
> > way or the other so I decided to plug the numbers into a spreadsheet
> > to see how they would come up. On the spread sheet I basically
> > calculated out what the cost per month would be based on premium, HSA
> > contributions etc. I also included calculations based on premiums plus
> > out of pocket max for the year. That out of pocket max would be the
> > number we would hit if we used the plan up to the max.
> >
> > If my line of thinking is correct, the monthly cost in yellow would be
> > what the costs would be if the plan was not used much and includes the
> > premiums, deductible, and HSA contributions. Blue would be premium
> > plus out of pocket max. This should include the deductible. In that
> > case, HSA2 comes out a little cheaper.
> >
> > If I am looking at this correctly, if the plan is not used that much
> > during a particular year, I get to basically bank most of the HSA
> > contributions. But, if it happens during a year the plan is used to
> > the max, the cost does end up about the same with some savings over
> > the PPO with the HSA plans. The one difference that could make a
> > difference is the PPO has an embedded deductible and the HSA is non
> > embedded. From what I understand is with the embedded if one person
> > meets the individual deductible then the plan kicks in after that.
> > Once the family amount is met then it kicks in for everyone. With non
> > embedded the family amount has to be met before the plan kicks is so
> > it almost seems to me the individual amount is irrelevant. All my
> > calculations were based on the family deductible and out of pocket max.
> >
> >
> >
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