Hey all, got a reminder from the Mad Fientist that benefits selection is coming shortly.
Currently, I have a wife and child, who are not extreme utilizers of health benefits, but I do have a baby on the way, expecting 2/17.
I have a high deductible HSA, and have been dutifully socking away and investing the tax-free cash.
I may leave my current job this coming year to take a year off, so I would expect COBRA to cover my family and myself for 18 months following quitting or termination.
COBRA, I believe, is 20% MORE than the cost associated with the employer-provided health insurance.
Knock on wood, I hope my second child is low utilization. My first spent a couple of nights in the NICU immediately postpartum and chewed through a lot of (read: all) of the deductible on the HSA.
So the choice runs the gamut: do I go low deductible, high fixed cost PPO, or all the way to high deductible HSA, in the context of new kid on the way and quitting/termination on the horizon, with reliance on COBRA?
Thanks.