My employer is going to add a High deductible health plan option for 2019 that has an HSA.
I have the option of staying on my current plan which has an FSA option or going to the HD plan.
My current deductible is $1,500. Max out of pocket $6000.
I am a T1 diabetic so the HSA appeals to me as someone who has fairly high medical costs. Diabetic Supplies (not covered under prescription plan- pump and CGM) are 80% deductible waived.
I’m not using the FSA right now because I don’t like the “use it or lose it” aspect. The HSA would allow me to save for multiple years to upgrade my pump where the FSA would only fill that role if I saved enough in a single year.
Given this info would it make financial sense to take advantage of the HSA for future medical savings or stick with the lower deductible?
We have a meeting with our plan administrator next week. Are there any questions I should make sure I get answered?
Submitted September 04, 2018 at 08:14AM by HalaLG https://ift.tt/2LWhzgy
