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[deleted] t1_iyaa8o5 wrote

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zk2997 OP t1_iyab5px wrote

Yeah but that’s just one visit. If I have to go anywhere else, I’d be paying in full until I hit the $2,000 deductible.

I can just make additional 401(k) contributions if I want to get the tax benefits.

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100tnouccayawaworht t1_iyadoxo wrote

Typically, HSA plans start looking really good when (a) the company gives you a lump sum of money towards your account and (b) you are already maxing out your 401k and are looking for additional ways to invest your money and shelter taxes.

Your plan (if you are correct on everything) seems fairly unique to me (not that I have a ton of experience).

The difference in PPO and HSA cost per paycheck where I work is $100s per paycheck. They contribute a large sum to our account. And, the MOOP is fairly similar.

With all the above in mind, for me the HSA will about break even. But, I am also maxing my 401k, so the HSA will allow me to "save" even more.

In your case, the PPO might indeed be "better" for you.

Like all things "personal finance" it is indeed a "personal" thing that needs to be looked at on an individual basis.

Good luck!

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zk2997 OP t1_iyae82i wrote

Thanks. Really good reply. I’ve only ever had benefits at this company so I have nothing to compare it to. I didn’t realize that there’s usually a very high discrepancy in premiums.

The numbers seem better for the PPO plan and I’m also pretty far from maxing my 401(k), so I think I should focus on that goal first. I can definitely see how an HSA would be a good way to “boost” pre-tax savings beyond that though.

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AustinLurkerDude t1_iyaqt2b wrote

>f

When I first started working my current company, the PPO had a $0 deductible and $10 co-pay. Now the deductible is almost as much as the HDCP plan and the premium is 2-3X the HDCP plan.

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There's no set and fast rule on which is better because there's no consistency in the plans between companies. Really messed up system designed to lock you into an employer.

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[deleted] t1_iyaba0s wrote

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wilsonhammer t1_iyaefrr wrote

for a whopping max benefit of $300/year for an individual

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[deleted] t1_iyaez34 wrote

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wilsonhammer t1_iyafqn5 wrote

sure, it's better IF they don't have a single other medical event for the entire year. That's not a bet I would make for $300.

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