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OT - NO POLITICS Autumn edition- foliage, cider doughnuts & pumpkin everything.

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Bruinaura said:
We have a $5k deductible, $6k out of pocket with HSA. Plan pays 80% after deductible until max OOP is met. We only charge $90 per month for single, $200 for employee plus one, $230 for family.

We do a dollar for dollar match on the HSA. Designed so that if they contribute the max we will match per pay period, by the end of the year they will be right at the annual IRS contribution limit.

I hate the high deductible but the HSA with the match is hard to beat.
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So for a family they would pay $2700 but get $4200 added to their HSA if they max it out, basically covering their deductible?

Not a bad deal, though I am sure it is hard to explain.
 
I'm paying over a $1000 month, max OOP $9100. Co-pay is $ 70 for specialists, $45 for my PCP. I contacted the agents' association to shop around for me as my plan is going up again. I'll also look at Obamacare again but not holding out much hope I'll qualify, on paper I have too many assets. I need to hang on another 3 years until I can sign up for Medicare, I'll be 62 in January. I'm not signing up for early Social Security, I want/need to max out my monthly payout.
 
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Morris Wanchuk said:
So for a family they would pay $2700 but get $4200 added to their HSA if they max it out, basically covering their deductible?

Not a bad deal, though I am sure it is hard to explain.
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Yes, we have a lot of people who do max it out, but there are those who only put in $25 a pay period because they want more take home pay. Mostly younger people who are looking short term and would rather have more take home pay now, no matter how you explain the benefits. Could I use a little more take home pay, sure, but I'm not throwing away free money. Max for me please!
 
Bruinaura said:
Yes, we have a lot of people who do max it out, but there are those who only put in $25 a pay period because they want more take home pay. Mostly younger people who are looking short term and would rather have more take home pay now, no matter how you explain the benefits. Could I use a little more take home pay, sure, but I'm not throwing away free money. Max for me please!
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I actually pay all of my expenses out of pocket, keep the receipts, and just let the HSA stay invested. The article below convinced me.

www.madfientist.com

HSA - The Ultimate Retirement Account

A Health Savings Account (HSA) is the ultimate retirement account because it can provide completely tax-free savings for early retirement!
www.madfientist.com www.madfientist.com

BMC said:
I'm paying over a $1000 month, max OOP $9100. Co-pay is $ 70 for specialists, $45 for my PCP. I contacted the agents' association to shop around for me as my plan is going up again. I'll also look at Obamacare again but not holding out much hope I'll qualify, on paper I have too many assets. I need to hang on another 3 years until I can sign up for Medicare, I'll be 62 in January. I'm not signing up for early Social Security, I want/need to max out my monthly payout.
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Obamacare doesnt look at assets, only MAGI BUT rental property will inflate that, depending on depreciation. Hopefully you can qualify for some subsidies. Throw some money into a Traditional IRA, it will drop your MAGI.
 
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TSA precheck doesn’t open until 345.

Nothing is open at Logan until 430.

0/5 stars. Do not recommend a 5:01 am flight
 
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This week is just crawling by......another week to go without water in the kitchen or even a sink. The counter will be installed next Thursday, I can't wait.

There is a very good radio commercial playing recently that says something like this: "Got a leaky roof? Lucky you, thousands of homeless people would love to have your problem". So, my bitching about no water in the kitchen is an excellent reminder that we still have it so good.
 
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