Do you pick the HDHP? If so, what motivates you?
In 2020 I opted for the HDHP, enter pandemic - and totally aside from that - one of our most health care user years. I'm questioning if I should do the HDHP plan again.
PPO will cost 4000/yr
HDHP is 2550, and employer kicks in 500 towards the HSA.
Deductible is 1k PPO, 5600 HDHP (2k and 22400 for out of network - that scares me a little! Sometimes - you don't know!)
So premium wise, I estimate total saving with HDHP to be 3300 (premium, employer HSA, and tax savings on maxing HSA contributions)
3300 saved vs 5600 spent if we max out health care use again - with the scary 22400 out of network thingy.
Which way would you go? Typically - we are low users of health care, but this year was different - plus still about 6 months left of a pandemic......
So - I'm a bit torn.