As the title states: it's open enrollment time with my current employer and we were presented with two options (for a family plan):
- PPO with a $1000/3000 deductible, 20% coinsurance, $35 copays, and a $5000/$10000 out of pocket max with $6000/year premium responsibility
- HSA with a $3000/$6000 deductible, 10% coinsurance, $5000/$10000 out of pocket max with $3000/year premium responsibility and $1500 yearly contribution to the HSA
I tried my best to come up with a scenario to make the HSA look bad because they're typically worse (right?) and only used for people that don't go to the doctor much or can only afford "catastrophic" type coverage but I just couldn't come up with anything where the PPO would be better.
For myself, my wife, and my newborn daughter did I make the right call in choosing the HSA or should I attempt to switch to the PPO before the enrollment period is up (if I'm even able to)?
Submitted December 05, 2018 at 07:36AM by br0keit https://ift.tt/2B2bqfp
