APC hourly rates?
02-11-2021 | 05:16 AM
#21
Social Media retired.
Joined: May 2018
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Idea is that, all other things being equal, the earnings made on maxing out your 401K vs. partially funding it for 1 year will greatly exceed the interest paid on the loan you take to max out your 401K for that year. Obviously the younger you are the more exaggerated this becomes. The cheap loans currently available further strengthen the argument.
Kicking myself for not doing it - B&G post on this came after my probie year.
02-11-2021 | 05:21 AM
#22
Social Media retired.
Joined: May 2018
Posts: 1,014
Likes: 44
02-11-2021 | 06:34 AM
#23
Line Holder
Joined: Jun 2014
Posts: 330
Likes: 1
I have the more expensive plan (more options for docs since I’m out of network) and for a family, I think it’s $1,000 out of pocket per person on the plan.
The coverage is outstanding. I’ve had a number of medical providers say they’ve never seen insurance coverage like ours. They’re all impressed with it (I am too).
The coverage is outstanding. I’ve had a number of medical providers say they’ve never seen insurance coverage like ours. They’re all impressed with it (I am too).
02-11-2021 | 07:26 AM
#25
Banned
Joined: Oct 2019
Posts: 923
Likes: 0
Our PPO plan is one of the best health care plans available in the US. 10% copay up to MAX $1k per covered individual per calendar year.
As someone else alluded to, sometimes the provider doesn’t recognize this copay %, and want to charge you a flat dollar copay. I stopped fighting it as the difference is so small. For example:
Office visit $200
Negotiated rate $100
Plan pays $90
You pay $10
Office charged you $20 at time of visit, you have a $10 credit on your account.
For MRI, scans, blood work, etc, etc, you pay nothing up front. From my experience...
MRI $2,500
Negotiated rate $750
Plan pays $675
You get billed $75
I have done the math to see how paying lower monthly premiums for our HSA type plan with much higher deductible/out of pocket and using that savings to put money into HSA tax free, to me, and just me, it is too much of a headache to keep track of that and not have to worry about any bills. Personal decision.
As someone else alluded to, sometimes the provider doesn’t recognize this copay %, and want to charge you a flat dollar copay. I stopped fighting it as the difference is so small. For example:
Office visit $200
Negotiated rate $100
Plan pays $90
You pay $10
Office charged you $20 at time of visit, you have a $10 credit on your account.
For MRI, scans, blood work, etc, etc, you pay nothing up front. From my experience...
MRI $2,500
Negotiated rate $750
Plan pays $675
You get billed $75
I have done the math to see how paying lower monthly premiums for our HSA type plan with much higher deductible/out of pocket and using that savings to put money into HSA tax free, to me, and just me, it is too much of a headache to keep track of that and not have to worry about any bills. Personal decision.
02-11-2021 | 07:29 AM
#26
Line Holder
Joined: Apr 2017
Posts: 50
Likes: 0
I have the more expensive plan (more options for docs since I’m out of network) and for a family, I think it’s $1,000 out of pocket per person on the plan.
The coverage is outstanding. I’ve had a number of medical providers say they’ve never seen insurance coverage like ours. They’re all impressed with it (I am too).
The coverage is outstanding. I’ve had a number of medical providers say they’ve never seen insurance coverage like ours. They’re all impressed with it (I am too).
My current company gets the same reaction from the providers. We pay less than $50 a month and $1000 max out of pocket per family!
Just need to take this into first year calculations.
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