Tilted Forum Project Discussion Community - View Single Post - Health Insurance Questions (Individual plan vs. employer's plan)

kutulu · 11-22-2004, 09:56 AM

I checked further into the benefits offered by health.net. Their PPO doesn't cover maternity care. Not one fucking cent. It figures. I'll have to stick with my employer policy. I expressed my distrust of the HSA plan but I think it fell on deaf ears and eyes covered by dollar signs. My employer covers 75% of the employee cost and 25% of dependant cost. Switching to the high deductible plan would save them 2/3 of their monthly costs.

LIMilf:
Supposedly, this HSA lets you keep all the money you put into it with no risk of losing it. I still hate the idea because it is a gamble. Our deductibles would be 2500 ind/5000 fam and teh out of pocket would be 2000 ind/4000 fam. Right now we have a 500/1500 ded and 1500/3000 out of pocket. This means that our maximum annual responsibility would be 4500/9000 vs a current max of 2000/4500, a difference of 2500/4500.

The high deductible plan saves me 200/mo. If I take all of that savings and put that in my HSA account it would take me 13 months to make up that difference for the individual expenses and another 10 months to get 4500 in the account. That's almost two years. Only then can I stop putting money into my HSA and start enjoying the reduced rates. I also have to hope that in the next two years we will have no emergencies that require us to go to the hospital. Furthermore, we will probably have another child in that time so we'll end up using that money and I'll have to start over again.

The only people being helped out by this would be the the owner and his wife. All the employees see this and they are all pissed.

11-22-2004, 09:56 AM	#4 (permalink)
kutulu Junkie	I checked further into the benefits offered by health.net. Their PPO doesn't cover maternity care. Not one fucking cent. It figures. I'll have to stick with my employer policy. I expressed my distrust of the HSA plan but I think it fell on deaf ears and eyes covered by dollar signs. My employer covers 75% of the employee cost and 25% of dependant cost. Switching to the high deductible plan would save them 2/3 of their monthly costs. LIMilf: Supposedly, this HSA lets you keep all the money you put into it with no risk of losing it. I still hate the idea because it is a gamble. Our deductibles would be 2500 ind/5000 fam and teh out of pocket would be 2000 ind/4000 fam. Right now we have a 500/1500 ded and 1500/3000 out of pocket. This means that our maximum annual responsibility would be 4500/9000 vs a current max of 2000/4500, a difference of 2500/4500. The high deductible plan saves me 200/mo. If I take all of that savings and put that in my HSA account it would take me 13 months to make up that difference for the individual expenses and another 10 months to get 4500 in the account. That's almost two years. Only then can I stop putting money into my HSA and start enjoying the reduced rates. I also have to hope that in the next two years we will have no emergencies that require us to go to the hospital. Furthermore, we will probably have another child in that time so we'll end up using that money and I'll have to start over again. The only people being helped out by this would be the the owner and his wife. All the employees see this and they are all pissed.