Quote:
Originally Posted by APCLurker
Hoping I can get some last-second opinions on our health (medical) insurance.
I/we have never used the medical care plans available to us. Instead have always used my spouse's better plan. I have never even really looked at any details of the dal offerings.
I will leave out the sordid details, but I find myself at the last second (as in little more than 1.5 days notice), needing to sign up for one of our medical plans and have no clue what is optimal. It would possibly be just me, no conditions or recurring medications or anything like that, or possibly me and two kids, both with a perscription need (nothing major or wildly expensive etc).
Any advice? I am also going to be calling alpa tomorrow.
And yes, l am still wondering how this situation can even be remotely legal/possible but that is a story and discussion for another time.
Thanks
IMHO:
Youre halfway through the year, if you’re relatively healthy and just need some catastrophic insurance, get the Bronze HSA. Cheapest plan and will cover you for the big items. It covers you for the small items too. Figure out what the premium differences are between Gold and Bronze, take that amount and use it as an HSA contribution. If you’re don’t use the insurance, you’ve saved all that plan difference money for a future year. If you use a small amount of the insurance, you’re still saving money with the bronze. If you use it a medium amount, you’re probably about even money with the other plans. If you have something extra catastrophic, you’re still covered, it’s going to cost a little more in coinsurance, but this (according to you) is unlikely.
You only have to sweat the decision 6 more months and then you can reevaluate at open enrollment without time pressure.
Good luck
Edit: One other caveat, going with silver HSA will allow you a little more Delta Reward dollars if you think you can jump through their low-hanging hoops, but only pay for the premiums for 6 months. More future benefit for a shorter length of premiums.