TL;DR: Is losing $450 in pre-tax deductions worth an extra $450 in employer contributions?
So i've got an interesting dilemma in front of me. So my employers HSA plan has 2 options here. Basic vs Buyup. The buyup option costs more, but I get a reduced max deductible and reduced max expense, plus a slightly increased employer contribution.
Here's my #'s for a family of 3 (me+wife+baby)
| thing | Basic | Buyup |
|---|---|---|
| Premium, annual | $312 | $780 |
| Empl. Contrib. | $800 | $1250 |
| remaining Ind. Contrib. to get to $6900 | $6100 | $5650 |
| Indiv. Max (deduct/annual) | $2k/$4k | $1.5k/$3k |
| Fam. Max (deduct/annual) | $4k/$8k | $3k/$6k |
So cool, it costs me a net $18 more (delta(premium) - delta(empl contrib)) to get the 'buyup' plan, but what I'm trying to figure out is if that is worth the $450 (employer contributions: basic vs buyup) reduced tax deductions?
If I do the buyup, I get an extra $450 in employer contributions, but that means I don't get to write a check to HSA for that $450 in pre-tax deductions.
So r/financialplanning, what do you think? Is there another way I should be thinking about this?
Submitted November 14, 2017 at 12:07PM by ATXENG http://ift.tt/2mpZsbj
