Hello all, I am in the middle of negotiating with a potential new employer and they do not offer an HSA plan like I am used to having. I have enjoyed having the ability to deduct the annual max, and pay cash for all medical expenses to help build up some early retirement money. This new plan would cover my wife and I (no kids) and my premiums would be $134.93/month. They would be no deductibles. My wife and I rarely get sick and are in good health. (plant based diet + bicycling for the win). I enjoy the low premium aspect of this plan, but it doesn't offer me the chance to get the tax savings that an HSA offers. This new offer will bump me from the 15% tax bracket to the 25% one, so I think any tax deferral I can do would help. (Married filing jointly, sole income provider)
Here is a link to the plan details:
(BluePreferred PPO Platinum 0)
https://www.ehealthinsurance.com/health-insurance-companies/carefirst-bcbs-maryland/benefit-detail/?health-plan=100023They also offer an FSA and DCA (which i have never used before, and don't think I would use)
I would like to try to negotiate my offer letter further with them to see about providing my own health insurance allowing me to have an HSA with low cost index investment options. Is this a reasonably good idea? Can anyone recommend a plan? Any feedback would be greatly appreciated on this subject. I'd really appreciate any help with doing the calculations.
For example: their proposed PPO plan would cost me $1619.16 / year, and I would be paying taxes on an extra $6650 dollars per year of my AGI that is not going into an HSA, plus loosing the potential interest putting away that money into a stock focused investment account. If I were to find a good high deductible personal plan for my wife and I, how do I know what sort of compensation adjustment to ask for, would it just be an exact $1619.16 / year adjustment for the company to break even, or more, or less? Should it be based on the cost of the new plan, where is the value trade-off?
Thanks,
--Dan