glendamarie
New member
I’m in an unusual position. At the beginning of the year I was enrolled in my employer HSA, they contribute $1000 to HSA on Jan 1. My domestic partner is pregnant, and eligible for enrollment this month. This is considered a life event, so I am now eligible to enroll in Option B, C or continue my high deductible Option A. I am considering opting for Option C for the lower deductible since we’re expecting a child. The numbers:
Option C:
Plan cost: 13388
Deductible: 610 individual, 1220 family
Max out of pocket: 2470 individual, 4940 family
HSA plan A:
Plan cost: 9449
Deductible: 4360
Max out of pocket: 9940
No individual numbers
Coinsurance 80% for both
If I expect to reach max out of pocket, it looks like I’d save about $1000 by switching to option A if I’m reading correctly. My other concern is taxes, as I’ve contributed to the HSA for 3 months this year, with switching to the new low deductible plan would I need to plan for taxes on those contributions next year?
Any specific or general advice would be appreciated, I was in the military for 12 years so I’m not very familiar with healthcare costs etc.
Edit for additional details:
Age 32, Fiancée 29, two existing dependents age 8 and 4
ZIP 29073, SC
Income $130,000
Option C:
Plan cost: 13388
Deductible: 610 individual, 1220 family
Max out of pocket: 2470 individual, 4940 family
HSA plan A:
Plan cost: 9449
Deductible: 4360
Max out of pocket: 9940
No individual numbers
Coinsurance 80% for both
If I expect to reach max out of pocket, it looks like I’d save about $1000 by switching to option A if I’m reading correctly. My other concern is taxes, as I’ve contributed to the HSA for 3 months this year, with switching to the new low deductible plan would I need to plan for taxes on those contributions next year?
Any specific or general advice would be appreciated, I was in the military for 12 years so I’m not very familiar with healthcare costs etc.
Edit for additional details:
Age 32, Fiancée 29, two existing dependents age 8 and 4
ZIP 29073, SC
Income $130,000