Hey guys, I'm looking to switch my health insurance as my boss isn't going to pay as much as he used to. Thanks for the newer insurance laws, when you have a child you have to insure that child with an adult also. I'm currently under United Health Care (a branch of it named Golden Rule) and have a $1,000 ded, prescription card, cheap co-pay, etc...but it's something like $440/m for the myself and my daughter. My boss is only going to reimburse me for $245/m from now on so I'm trying to find something that's cheaper that doesn't hurt the wallet because as of now I'm out $195/m since I'm still no the $440/m plan.
The person I go to for health insurance suggested an HSA (Health Savings Account). I don't know anything about these things, but I'm trying to read up a little on them today. My main reasons for health are obviously major medical bills, but the biggest things I'd like to address are well baby care (covered 100% on all or most plans I believe) and routine doctors visits for myself and my daughter (10 months old). If one of us was to come down with the flu, ear infection, etc...I'm trying to figure out what's the best way to not have to pay large bills, but still have a somewhat reasonable monthly payment. My guy said that any money in my HSA savings account is pre-tax dollars and I pay for the bills from that account. Wouldn't this be the way to go? Tax deductible and I'm saving roughly $185/month with the new HSA plan. So if we don't get sick for a few months or something, that's close to $375 saved that can go towards a possible routine dr's checkup if one of us was to get a little sick and need meds.
At this point, it looks like a good option to me, but I don't want to get hit with a massive bill if one of us needs to go to our doctors for an exam, check for being sick, etc. Honestly, the plan I was on didn't seem to cover all that much and it was one of the best they offered it seemed. I'd still pay $25 co-pay and going in for flu-check or strep-check, etc I'd still have a bill of around $50 every time. Didn't seem like the actual bill before insurance was that much more than that. Anyways, hoping that some of you know your health insurance stuff and can help me. Thanks! :-D
The person I go to for health insurance suggested an HSA (Health Savings Account). I don't know anything about these things, but I'm trying to read up a little on them today. My main reasons for health are obviously major medical bills, but the biggest things I'd like to address are well baby care (covered 100% on all or most plans I believe) and routine doctors visits for myself and my daughter (10 months old). If one of us was to come down with the flu, ear infection, etc...I'm trying to figure out what's the best way to not have to pay large bills, but still have a somewhat reasonable monthly payment. My guy said that any money in my HSA savings account is pre-tax dollars and I pay for the bills from that account. Wouldn't this be the way to go? Tax deductible and I'm saving roughly $185/month with the new HSA plan. So if we don't get sick for a few months or something, that's close to $375 saved that can go towards a possible routine dr's checkup if one of us was to get a little sick and need meds.
At this point, it looks like a good option to me, but I don't want to get hit with a massive bill if one of us needs to go to our doctors for an exam, check for being sick, etc. Honestly, the plan I was on didn't seem to cover all that much and it was one of the best they offered it seemed. I'd still pay $25 co-pay and going in for flu-check or strep-check, etc I'd still have a bill of around $50 every time. Didn't seem like the actual bill before insurance was that much more than that. Anyways, hoping that some of you know your health insurance stuff and can help me. Thanks! :-D