Hi, my wife and I had our first child last week, and I’m trying to decide the best way to get the kid covered. My wife and I are currently on separate single plans offered by our respective employers. I’ve broken down our options in the following table, but I’m having trouble interpreting what I’m seeing - hoping one of you fine folks can help make sense of this for me.
In the table below, CP = Copayment, CI = Coinsurance, DD N/A = Deductible does not apply. The “Dad” plans are Employee + Child, while the Mom option is a Family plan. I left out the Dad family plan options because my wife’s single plan is a $0 premium, and I think that means it wouldn’t make sense for me to move to a family plan given the Employee + Child option (maybe I’m wrong?). I’m assuming if we went with my wife’s family plan, I would drop my coverage and be covered under her plan (does that make sense?)
Dad 1
Dad 2
Dad 3 (HDHP)
Mom
Premium
$2,425.92
$1,755.72
$1,380.60
$3,264.60
Deductible
$4,000
$7,500
$7,000
$1,700
Out of Pocket Max
$8,000
$12,500
$7,000
$3,400
Office Visit
In the table below, CP = Copayment, CI = Coinsurance, DD N/A = Deductible does not apply. The “Dad” plans are Employee + Child, while the Mom option is a Family plan. I left out the Dad family plan options because my wife’s single plan is a $0 premium, and I think that means it wouldn’t make sense for me to move to a family plan given the Employee + Child option (maybe I’m wrong?). I’m assuming if we went with my wife’s family plan, I would drop my coverage and be covered under her plan (does that make sense?)
Dad 1
Dad 2
Dad 3 (HDHP)
Mom
Premium
$2,425.92
$1,755.72
$1,380.60
$3,264.60
Deductible
$4,000
$7,500
$7,000
$1,700
Out of Pocket Max
$8,000
$12,500
$7,000
$3,400
Office Visit