Author Topic: Health Insurance - Is mine already a great deal?  (Read 1302 times)

Mr. FI

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Health Insurance - Is mine already a great deal?
« on: October 30, 2014, 03:48:11 PM »
So I've been looking at different ways to cut costs and one way I thought might be our health insurance. However, looking around these forums, I think we may already have a very good deal on ours. With a $2400 deductible, we get dental, vision, a $20 copay for doctor visits and a $750 HRA account, which is basically free money for medical expenses. This costs us $130/mo.

However, there is the higher deductible option, which would take the HRA away and leave us with an HSA option in it's place. It would obviously lower costs, but is it worth it? We're pretty healthy people, although I did have a health scare last year which involved going to the ER twice, so we were thankful for the $750 to go towards that.

What do you think? Should we stay with what we have, or switch it up and hope we won't really need it since we're "Mustachian" and we can afford a higher deductible.

carloco

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Re: Health Insurance - Is mine already a great deal?
« Reply #1 on: October 30, 2014, 06:47:06 PM »
What is the price of the HDHP?  and its specifics.

Mr. FI

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Re: Health Insurance - Is mine already a great deal?
« Reply #2 on: November 04, 2014, 03:29:20 PM »
If I understand it right, $350 for the year. Vs $1550/yr for what we have. So I actually think we will drop to the HDHP. The deductible is $3200 (but no HRA) for the HDHP vs $2400+$750 HRA.

carloco

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Re: Health Insurance - Is mine already a great deal?
« Reply #3 on: November 04, 2014, 08:40:14 PM »
The numbers are a little confusing

wtjbatman

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Re: Health Insurance - Is mine already a great deal?
« Reply #4 on: November 04, 2014, 09:59:20 PM »
$350 for the year?! Christ I pay $200 a month for my HDHP + HSA for me plus my "domestic partner". And it's a $4800 deductible. We do get $1000 a year deposited in the HSA from my employer, and great investment options in the HSA, but still. I like your super cheap plan!