I am expecting my first child in the fall and will then decide between my healthcare plan (high deductible w/ HSA) and my wife’s (HRA).
High Deductible w/ HSA
- deductible: $3,300
- out of pocket max: $5,000
- Annual cost: $4,980
- Annual HSA contribution:$7,300
HRA
- Deductible: $1,000
- Employer provided credit: $2,000
- Out of pocket max: $1,000
- Annual cost: $6,420
* $2,000 employer credit rolls over if unused but I expect to use every year
Seems like HRA is the wise move but want to consider the long term benefits of the HSA growth potential.
Thoughts?
