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Morris Wanchuk

.......
Feb 10, 2006
16,494
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War Memorial Arena
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.
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.
 

BMC

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Sep 26, 2003
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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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Bruinaura

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Mar 29, 2014
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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.
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!
 

Morris Wanchuk

.......
Feb 10, 2006
16,494
1,611
War Memorial Arena
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!
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.


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.
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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GordonHowe

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Sep 21, 2005
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GordonHowe

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Sep 21, 2005
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18,482
Newton, MA.

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