ST Alpha - "So I'm enrolling for health benefits for the plan year (starts in June) and they're pushing the fuck out of this Health Savings Account." (Reading a Post)

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So I'm enrolling for health benefits for the plan year (starts in June) and they're pushing the fuck out of this Health Savings Account.

Posted by Tim (aka othertim) Apr 23 '13, 19:54

They're making it seem really attractive, but it's not really insurance...

Responses:

That should be combined with a High Deductible Health Plan (HDHP). In fact it has to be in order to deduct contributions to the HSA. It works great - GregW Apr 23, 20:46 1
- Yes, the deductible is quite high. Which is why I say it's not really insurance. -- nm - Tim Apr 23, 20:47
I didn't like having an HSA instead of normal insurance. It works for some people but it wasn't working for me. -- nm - Krusty Apr 23, 20:28 5
- As long as I'm healthy I might as well run with it but this has to be a horrible option for anyone with a serious condition. -- nm - Tim Apr 23, 20:32 3
  - Yup. If you're healthy it shouldn't be an issue at all and after a year or so you'll have a decent amount saved. -- nm - Krusty Apr 23, 21:12 2
    - Was is a decent amount? $5000. That will get almost wiped out with 1 ER visit. if there is no additional insurance. -- nm - James Bond (aka Igor) Apr 23, 22:41 1
      - For me it was a very large deductible and then it was like insurance with me paying a percent and the ins. paying - Krusty Apr 24, 00:10
- This year is the first time they're offering it along with other normal insurance options, but they're implying next year it'll be the only choice. - Tim Apr 23, 20:31
no but hsa usually come with some company funds and then you - Capstern Apr 23, 20:00 8
- Yeah, as an individual they kick in $1,000 plus whatever I want to add. - Tim Apr 23, 20:03 6
  - (and based what comes out of my paycheck, if I DON'T SEE A DOCTOR AT ALL FOR ANYTHING EVER, I come out ahead. If I do, it's gonna hurt.) -- nm - Tim Apr 23, 20:10 4
    - Is there no cap to your out of pocket expenses? -- nm - David Apr 23, 20:11 3
      - $5,000. -- nm - Tim Apr 23, 20:17 2
        
        Wow, Kim and mine in combination is $5,200. - David Apr 23, 20:18
        
        "we call it the Audi Plan" -- nm - charlie Apr 23, 20:17
  - It's such a vile premise. -- nm - David Apr 23, 20:07
- $2000 wouldn't even cover my annual PCIP premiums (with $2500 i still have to pay out of pocket before it kicks in) - charlie Apr 23, 20:01
"put your own money in this account and you can spend it on your own health care. that's a great deal!" -- nm - charlie Apr 23, 19:55 6
- still pretax withholding -- nm - Capstern Apr 23, 20:00 5
  - doesn't make my premiums or deductible any cheaper -- nm - charlie Apr 23, 20:02 1
    - Yeah, I'm actually paying more. - Tim Apr 23, 20:05
  - dont you lose any amount you dont use? -- nm - Bacon on Google Nexus 10 Apr 23, 20:02 2
    - Supposedly anything put into this rolls over year to year, it's not a flex spending account. -- nm - Tim Apr 23, 20:05 1
      - Well at least that is good -- nm - Bacon on Google Nexus 10 Apr 23, 20:06

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So I'm enrolling for health benefits for the plan year (starts in June) and they're pushing the fuck out of this Health Savings Account.

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