So I started a new job this week after a lovely 2 month forced summer vacation due to layoffs (start-ups are great, except for the whole stability thing) and I need some advice on healthcare plans to take. My last job entirely covered the premium for the highest deductible HDHC plan, and so that's what I used and maxed my HSA until I was laid off. However, this new job the situation is a little different. They cover all premiums up to $1000/mo and because of that I'm eligible to be covered for all 8 (!!) options. The two I'm debating between though are the lowest deductible PPO and the lowest deductible HDHC, both through UnitedHealthCare:
Me
26 (27 in one month) yo female
No current medical conditions or concerns (I do bike everywhere/play a lot of rec sports, so there's always a small concern about "catastrophic" type injuries)
Single
Will need to get my IUD replaced sometime between October and December of this year
22% tax bracket
HSA Plan
Deductible: $1500
Max out of pocket: $4000
After deductible is satisfied, I would cover 10%. Copays also 10%.
Employer does NOT contribute to HSA
PPO
Deductible: $500
Max out of pocket: $5000
After deductible is satisfied, I would cover 20%.
$35 copays on most doctor's visits and prescriptions
Okay, that's the short summary. I'll be able to change it up again next year (only 4 months away) and it sounds like they are moving to have the employer contribute to HSAs next year as well. Obviously if they made contributions, my choice would have been made for me. My main concerns (and why I'm asking for advice) is:
1) I'm not sure I'll be able to max my 401k, and additionally I'm not eligible for my companies 401k for the first 90 days of employment, so is it worth doing the HSA? It most likely means I'll be putting less into the 401k this year and potentially next year.
2) I'd ideally like to get whatever plan would set me up to get my IUD for cheapest for this year as I'll be able to change it for next year. So far haven't been able to see anything anywhere around birth control and what the plans cover. Does anyone have any knowledge about UHC plans or generally how birth control and insurance works? I was able to get my IUD for free 5 years ago when I was in school.
3) If I did the HSA, I have a previous HSA that would be through a different provider. Can those be 'rolled over" as a 401k can? And what's the best way of calcuating to make sure you don't go over HS contribution limits?
Any advice or thoughts would be helpful, thanks!