Originally Posted by
NERD
Couple of insurance questions. Have used the Gold HRA the last few years, but based on the evaluator the Silver HRA comes in about $700 less per year. From what I can tell the only difference between the two besides the lower premium is you get less delta dollars. Worse case is I hit the max family deductible but with the savings on monthly premium it cost $1000.00 more. What am I missing???
2nd question. Does anyone use(is it allowed) to use the dependent care fsa for pre K(mother's day out type program)?
Thanks
If you have a family with little kids, definitely DO NOT do the Silver HRA. The biggest plus for it is what you identified-low premiums. The negative is the deductible side. Both in-network & out-of-network is high and we've had several instances where a family has a castrophic event using the Silver HRA and gets hit with massive $20k+ bills. The Silver HRA was designed for healthy younger single person who wants basic coverage and "some" catastrophic protection. If you live in a major Hub like ATL most if not all the medical provides are in-network and most of your needs will be covered. But if you live in an area where UHC isn't pervasive...you should check the costs for max-deductible for out-of-network.
For most pilots...you should be looking at the Gold HRA or HSA and run the medical planner. Most likely the Gold HRA is better unless your family is a major user of medical or needs a lot of meds (HSA includes the meds in their deductibles and the HRAs do not).