This....my previous employer was 40K plus and they said that 99% of all

Aug 22, 2024
11:23:01am

sandtrapcougar All-American

employees would be best served on the HDHP plan vs the PPO. Now every insurance plan is different, but it is a general rule that should hold true across most insurance plans.

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sandtrapcougar

Bio page: sandtrapcougar
Joined: Apr 18, 2006
Last login: Oct 3, 2024
Total posts: 7,354 (269 FO)

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Messages

Author

Time

Do you own an FSA or HSA account?

Coug Texan

Aug 22, 10:28am

HSA >>>>>>>>> FSA. HSA rolls over year to year and you can invest the money.

dYrtbYkerYder

Aug 22, 10:31am

Also the HSA vs PPO debate is still valid since who wants higher deductibles!?

Cougarclaw

Aug 22, 10:36am

I did the math and at every level of medical expense HDHP was cheaper than PPO

NotRelated

Aug 22, 11:00am

This....my previous employer was 40K plus and they said that 99% of all

sandtrapcougar

Aug 22, 11:23am

If you think about how risk plays into insurance premiums, any sort of plan that

cougarfan84

Aug 22, 11:32am

It was much simpler than that, but again deductibles/premiums vary, but at

sandtrapcougar

Aug 22, 12:16pm

Ditto. It didn’t come close to the cost of the low deductible PPO, unless we max out the deductible, which we never do.

BYU Folsom Fan

Aug 22, 2:20pm

It's so nice to have an untaxed account with thousands in it that you can pull

dYrtbYkerYder

Aug 22, 11:22am

I use my HSA as another retirement vehicle. It’s invested now and will continue to grow until I need it for healthcare

cheezedawg

Aug 22, 10:38am

I've been doing HSA since '08

jxncoog

Aug 22, 10:46am

In my experience the FSA funds you get upfront, then they kind of retroactively take it out of your check.

Jimo Dashen

Aug 22, 10:32am

HSA is only allowed with a high deductible plan, but it's your money forever

Schultz is back

Aug 22, 10:32am

Right now my Health plan deductible is $1500 individual and $3000 family

Coug

Aug 22, 10:35am

Do you currently meet your deductible every year?

goldengoose

Aug 22, 10:40am

Some years yes... this year we have only because I just had surgery...

Coug

Aug 22, 10:46am

I regret my HSA, one mole removal and bam you’re on the hook for thousands.

Bluedomination

Aug 22, 10:44am

That's surprising. I had a mole removed last year and it only cost me about

cougarfan84

Aug 22, 11:09am

RE: Right now my Health plan deductible is $1500 individual and $3000 family

Himni

Aug 22, 11:19am

I use an HSA. If you want to save money now, FSA might be better.

OPINIONS

Aug 22, 10:35am

“trying to lower my tax deductions” 🤔

cheezedawg

Aug 22, 10:36am

Raise, lower, it could go either way.

Greg Kite's 'stache

Aug 22, 10:55am

I love my HSA.

goldengoose

Aug 22, 10:36am

If you can afford paying out of pocket on stuff, this is the way.

OPINIONS

Aug 22, 10:36am

My deductible is only $4000 for family.

goldengoose

Aug 22, 10:46am

And if you are worried about paying for the out of pocket expenses, then keep an

cougarfan84

Aug 22, 11:22am

Why not just invest everything (keeping the minimum threshold) and sell when...

OPINIONS

Aug 22, 11:41am

That's what we do.

goldengoose

Aug 22, 11:51am

HSA - triple tax protection.

tyler durden

Aug 22, 10:54am

I spent the first 12 years of my career with a PPO plan that either had no

cougarfan84

Aug 22, 11:20am

I should add that many times companies will contribute some sort of money to

cougarfan84

Aug 22, 11:25am

I consider my HSA like a Roth IRA with more flexibility. Plus it’s fully deductible.

BYU Folsom Fan

Aug 22, 11:23am

IF you can talk yourself into an HDHP, definitely max out your HSA. It's

Mitty

Aug 22, 11:48am

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