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adytum

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bowen

It's certainly not comparable to a full coverage plan, but it is leaps and fucking bounds past a normal plan.

I think I had a $60 a month plan before, and I paid $50+ copays on lots of shit. All of that is tax deductible, of course, but there is absolutely no point in paying a $50 copay on my xray, my blood work, my doctor visit, etc etc etc.

Cue to me getting an HSA, with a $90 a month high deductible insurance. My employer puts about $100 a week into it. I still pay roughly the same copays, except pretty much everything is covered after I hit my deductible. The kicker? After a year of your employer depositing money, you'll have enough to meet your deductible. So, you end up ahead, generally.

Also when they find out you're on a high deductible insurance, they tend to be a little bit more willing to work with you on silly procedures you don't need. Or the $400 office visit.

jefe414

I have an HSA at work. I think I can put up to $3K pre-tax into it a year. My company matches my contributions to it so I'm only putting $1500/year into it. Of course, it is high-deductible but preventative care is free (1 checkup/year, two dental cleanings/year, dental x-rays once every two years, etc.). When I spend out of this, again, it's tax free money (provided I spend it on medical stuff). I've had it for a couple of years now and it has really worked out in my favor.

illig

Whatever you do, make sure you go for a Health Savings Account instead of a Health Spending Account... same acronym, but much different beasts

My Health Savings Account lets me (and my employer) deposit money, and i earn interest on it! Most importantly however, is that it is not forfeited at the end of the year like a normal spending account.

jefe414

illig wrote: »

Whatever you do, make sure you go for a Health Savings Account instead of a Health Spending Account... same acronym, but much different beasts

My Health Savings Account lets me (and my employer) deposit money, and i earn interest on it! Most importantly however, is that it is not forfeited at the end of the year like a normal spending account.

Very important distinction.