I’ve all the time solely enrolled for the HDHP plan, and put a bit of however on the HSA. Now that my spouse and I are planning on a child I’d wish to know if it’s value switching plans, however I would like some on-line assist with some calculations.
I additionally don’t fairly perceive why there’s a totally different deductible for prescriptions. Is it the purpose for me to should pay for all of these beneath the PPO plans?
The HDHP is non-embedded, the PPO plans are embedded. Premium is for the household, which we might pay after the newborn is born. The distinction in premium between me+partner and household for HDHP and PPO2 is about $180/yr. The distinction in PPO1 is $600/yr.
HDHP – $1,500 Employer HSA contribution. Ded: $4k. OOP Max: $7.5k. Premium: $950/yr. 80/20 after ded.
PPO2 – Ded: $500 Ind $1k Fam. OOP Max (Medical): $2.5K Ind $4k Fam. OOP Max (Prescriptions): $4.1k Ind $9.2k Fam. Premium: $1,200/yr. 80/20 after ded. Small copays for visits ($20-$40)
PPO1 – Ded: $250 Ind $500 Fam. OOP Max (Medical): $1k ind $2k fam. OOP Max (Prescriptions): $5.6k Ind $11.2k Fam. Premium: $3,900/yr. 90/10 after ded. Identical co-pays.