Title should read, I could really use some help :)
I hope this could also help others in similar situations. Insurance is not a one fits all situation but others in similar circumstances might benefits from this discussion.
At work I have two Insurance plan options, HMO and HSA and here is how they breakdown
Plan | Premium | Employer Contribution | Deductible | Co-Pay | Out of pocket Max | Coinsurance | Tax Deferral |
---|---|---|---|---|---|---|---|
HSA | $0 | $2250 | $4,000 | 20%* | $6,000 | 20%* | $6,900 |
HMO | $0 | $0 | $0 | $20 | $3,000 | $0 | $0 |
*20% after $4,000 deductible is met . Also I intend to Maximize the Tax Deferral, our combined income is over 180k
Now the kicker here is that I am planning to have a baby next year. This is where I am not 100% sure what to do. So I ask you guys, with a pregnancy (planned not official) happening next year. What plan do you think makes the best sense for a young couple who is planning on having a kid
Submitted November 09, 2017 at 01:41PM by xper68 http://ift.tt/2ymLtV3