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Usually I see HSA’s combined with a high deductible plan so that the six figure medical bill is protected. We were on one when my daughter needed surgery (~$50
by mattrp 7y ago
Usually I see HSA’s combined with a high deductible plan so that the six figure medical bill is protected. We were on one when my daughter needed surgery (~$50k). We also had another child the same year ($20k), and all we paid was the $6k deductible which also came out of pre-tax money AND my employer contributed $3k to cover the premium. There were no bank fees involved. i am now self employed. Unfortunately I can not buy a high deductible or a HSA plan in my state post Obama care and my premiums in 2018 where $38k and this year have dropped to $32k. To be honest I kind of miss that $6k deductible.
- lotsofpulp 7y agoWhich state? I’m very surprised an entire state would not have an HSA eligible option on healthcare.gov.
- EvanAnderson 7y agoI bought marketplace insurance from 2013 to 2018 in Ohio. The number of HSA-eligible plans dropped in that time period. For 2019 there were no HSA-eligible plans available in my county.
- mattrp 7y agoThere is one but the premium is the same as the gold plan.
- lotsofpulp 7y agoGold means a “typical” population is expected to pay 20% while insurance company pays 80%. A plan can be gold and HSA eligible at the same time, it will just have lower out of pocket maximum and coinsurances. If you have enough cash to afford the deductible, you should always go for HSA as you can earn the tax free investment returns on the HSA funds. A gold non HSA and gold HSA both are designed for the insured to pay 20% and insurance company to pay 80%, but the HSA will let you invest $3,550/$7,100 single/family, and that can add up over the years. If you started it around 10 years ago, you could realistically have over $100k in the HSA for family plans.