The high upfront costs can usually be mitigated by a payment plan. I have

Oct 4, 2024
2:43:43pm

GilbertAZCougar Starter

Had ER and hospital stays and have been able to set up no interest payment plans. I have then been able to cover the payments with my contributions. I would never go back and I always pay max out of pocket every year.

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GilbertAZCougar

Bio page: GilbertAZCougar
Joined: Jun 29, 2014
Last login: Oct 4, 2024
Total posts: 1,108 (6 FO)

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Messages

Author

Time

Curious what experiences have been moving from traditional healthcare plan to high deductible HSA plan? Considering a

BlooGeek Exceptional Grip Strength

Oct 3, 9:46pm

I've never done anything but high deductible with HSA plans.

Preppy

Oct 3, 9:50pm

I’m a fan of high-deductible plans.

garyfan

Oct 3, 9:50pm

I have extremely high medical bills and HD plan saves a ton of money.

GilbertAZCougar

12:00am

Everything is a risk. If you’re healthy, take the risk.

Powerbait DPM

Oct 3, 9:51pm

On the cheapest plan it's a $210 savings from what we're paying now + $6K ded but employer also kicks in $3k/yr to HSA.

BlooGeek

Oct 3, 9:56pm

That’s $5,520 in free money, which almost fully offsets your higher deductible.

garyfan

Oct 3, 9:59pm

Do you have enough in savings to cover OOP max? If so, as gary points out, it's

benMN

Oct 3, 10:24pm

I’ve preferred high deductible plans even when we’ve hit the max OOP. Probably just the plans we’ve had available but…

Tokolosh

Oct 3, 9:57pm

We changed a few years ago

cougarBee

Oct 3, 10:01pm

I’ve had knee surgery, a baby, wife had an ER visit. Needless to say we’ve met

Magneto

Oct 3, 10:04pm

I've liked the high deductible/HSA plan, even with a Type 1 diabetic daughter. FYI, I didn't like DMBA for her

jdub

Oct 3, 10:06pm

I really wouldn't consider this risky

bythenumbers

Oct 3, 10:14pm

Keep in mind, on that HD HSA, prescriptions

Future_Tacos

Oct 3, 10:15pm

Google “triple tax advantage”. It’s awesome. I’ve been on HSA for 10+ years but

brazilcoug

Oct 3, 10:31pm

Same. HSA is sitting at $127k today.

BYTrue

Oct 3, 10:48pm

Nice. How long you been contributing to it? I max it out every year.

brazilcoug

Oct 3, 11:02pm

About 10 years

BYTrue

Oct 3, 11:08pm

We do high deductible plans. There is risk

NYCougz

Oct 3, 10:39pm

RE: Curious what experiences have been moving from traditional healthcare plan to high deductible HSA plan? Considering

jxncoog

Oct 3, 10:42pm

Thanks! This additional thread was helpful.

BlooGeek

2:06pm

It didn't work great for my family

OrangeCougar

6:10am

If you have lots of kids, or are still having more kids, or have risky kids, or just weak people that get sick all the

supertux

9:55am

Not necessarily. Depends on the facts. We had five years where we hit HDHP max.

Narfin'Coug

10:09am

Yeah it really depends

OrangeCougar

10:37am

HD plan not good if you have expensive medications.

CougSilver

8:16am

That may or may not be true, depending upon the details of the plan. As a parent of a daughter who needs insulin

jdub

9:36am

Many helpful comments and linked threads here. Thanks all for taking the time! It seems like the only way this goes

BlooGeek

2:04pm

The high upfront costs can usually be mitigated by a payment plan. I have

GilbertAZCougar

2:43pm

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