Spirit health insurance cost
10-23-2021 | 08:07 PM
#51
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10-24-2021 | 08:57 AM
#52
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I’m actually thinking about switching from the HRA to the HSA. HSA premiums stayed the same this year and the HRA went up 6.5% so the gap has closed a little on price. I have over $10k in the HRA but I’m thinking about letting it go to get into another retirement vehicle line the HSA. Decisions decisions.
10-24-2021 | 10:57 AM
#53
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I’m actually thinking about switching from the HRA to the HSA. HSA premiums stayed the same this year and the HRA went up 6.5% so the gap has closed a little on price. I have over $10k in the HRA but I’m thinking about letting it go to get into another retirement vehicle line the HSA. Decisions decisions.
the drawback is the first year or two on the HSA. You’ll need to have ready access to cash to cover the out of pocket maximum just in case. But once you have the OOP covered you’re basically putting in contributing 7300 pretax every year into an account that is tax free when you take a distribution. You and your spouse can make catch up contributions when you get old and crotchety. / about to croak. so 7300 x 20 years is 146k in a tax free account that you take with you when you leave spirit. With spirit giving you 40k of that balance.
Get the limited FSA to cover dental and vision expenses.
10-24-2021 | 12:03 PM
#54
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Joined: Dec 2005
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It increased 6.5% for 2018, and im sure it did the years prior. And I expect it to raise the same for the years to come. It is the state of health insurance for the time we are in.
Health insurance is getting expensive. For those with spouses, ask them about their work health insurance and the increases offered at their work. I know my wife's company has not only increased premiums YoY but have cut benefits too.
Bottom line is I imagine all airlines are increasing premiums with the amount allowed within the contract; I cant imagine non union occupations and Spirit pilots are the only ones seeing premium increase while other union shops are seeing smaller increases.
Not to sound like the contrarian to popular forum complaining, but I happy to have a reasonable cap on increases for our benefits while still maintaining the same benefits, and not seeing a reduction in benefits with an increase in premiums.
Health Care is a mess in this country, no matter what side you're on, and having dependable, collectively bargained insurance, with controlled premium increases, is the best I can really hope for in this mess.
Next CBA cycle we can poll the pilots and see where we stand with the 6.7% increase. I know we had to fight hard this cycle with the threat of the excise tax ever coming to a reality and not delayed for another year.
Health insurance is getting expensive. For those with spouses, ask them about their work health insurance and the increases offered at their work. I know my wife's company has not only increased premiums YoY but have cut benefits too.
Bottom line is I imagine all airlines are increasing premiums with the amount allowed within the contract; I cant imagine non union occupations and Spirit pilots are the only ones seeing premium increase while other union shops are seeing smaller increases.
Not to sound like the contrarian to popular forum complaining, but I happy to have a reasonable cap on increases for our benefits while still maintaining the same benefits, and not seeing a reduction in benefits with an increase in premiums.
Health Care is a mess in this country, no matter what side you're on, and having dependable, collectively bargained insurance, with controlled premium increases, is the best I can really hope for in this mess.
Next CBA cycle we can poll the pilots and see where we stand with the 6.7% increase. I know we had to fight hard this cycle with the threat of the excise tax ever coming to a reality and not delayed for another year.
11-11-2021 | 05:01 PM
#56
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We also had yearly and lifetime max benefits that could bankrupt you from one event. Now you have reasonable out of pocket maximums with no lifetime max benefit.
People seem to forget how crappy health insurance was before. If you got in a car accident or had a serious illness you were basically screwed.
People seem to forget how crappy health insurance was before. If you got in a car accident or had a serious illness you were basically screwed.
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