Medical Insurance (Affects of Inflation)

[maverick19]

19 minutes ago, Konebhar6 said:

I am going with the highlighted plan and your suggestion is same. Thanks. 

See the inflation effects. The plan we had where we were paying $0 copay is costing $120 per paycheck now. 

General as far as i know majority companies dont pay entire insurance. it is some from the company and some on the employer. your company following industry standard ante. 

[Konebhar6]

5 minutes ago, former said:

Your employer plan is very good even though it is 120 per paycheck.

Yes agree. My grievance is it was $0 before but costing $120 per paycheck now. 

[Konebhar6]

1 minute ago, maverick19 said:

General as far as i know majority companies dont pay entire insurance. it is some from the company and some on the employer. your company following industry standard ante. 

I guess we were spoiled.

[Konebhar6]

5 minutes ago, manadonga said:

Max out hsa it is tax free 

one of my friend max outed has for 10 yrs from bachiler time he have 100know from kids onwards he is not paying medical insurance he is choose zero insurance with hsa and not contributing to hsa as he already have 100k he is invested that so it grown alot 

Yeh that's the plan. Decision making will get better or easy from next yr.

[Sharmilaaa]

13 hours ago, former said:

If you max out 3 years in row, after that you don't need to max out HSA. The carry over money from prev years will cover the medical bills.

anna HSA  contribute chesi 3 years  lo 11,550$ (3850/year) . I don't use it for 3 years or visit the hospital for 3 years and my 11,550 stays with me for ever. nuvvu chepedhi endddhii anna

 

[Konebhar6]

2 hours ago, Sharmilaaa said:

anna HSA  contribute chesi 3 years  lo 11,550$ (3850/year) . I don't use it for 3 years or visit the hospital for 3 years and my 11,550 stays with me for ever. nuvvu chepedhi endddhii anna

 

Medical issues come unexpected. So even if there are more expenses in 1 yr and not in other 2 yrs, it will average out. 

If you do not use the money, its always your money. It will stay in your account ($11,550) even if you change employers. You can invest this money in stocks or ETFs though. However, if you take it before your retirement age, there is a penalty. There is no penalty after you turn 65.

[ZoomNaidu]

16 hours ago, manadonga said:

Max out hsa it is tax free 

one of my friend max outed has for 10 yrs from bachiler time he have 100know from kids onwards he is not paying medical insurance he is choose zero insurance with hsa and not contributing to hsa as he already have 100k he is invested that so it grown alot 

No insurance -> One hospital visit/surgery will wipe his 100k . Foolish decision, he should continue insurance with high deductible atleast. 

[Bulls_Rose]

husband and wife both full times offering medical inurance ayiter. both on one insurance beteter aha or separte ga tesukovatam better aha??

or who ever better insurance atite adi tesukovatam better aha?

[Bulls_Rose]

21 minutes ago, ZoomNaidu said:

No insurance -> One hospital visit/surgery will wipe his 100k . Foolish decision, he should continue insurance with high deductible atleast. 

yea chala madiki debba pade daka telvadhu. eppudu nibba s ayite go fund me undi ga ani adi kuda light tesukuntunaru

[ZoomNaidu]

19 minutes ago, Bulls_Rose said:

husband and wife both full times offering medical inurance ayiter. both on one insurance beteter aha or separte ga tesukovatam better aha??

or who ever better insurance atite adi tesukovatam better aha?

Go with this. 

[Paamu]

When you say low deductible- what is the number individual/couple

[Paamu]

My emp gave 3 plans - hsa, and 2 regular ( ppo?) - one with high deductible and other with low deductible $500. 

Last year and before went with low deductible- now the Same plan monthly $200 increased. Almost $1100 couple ki, contracting. 

[Konebhar6]

5 hours ago, ZoomNaidu said:

No insurance -> One hospital visit/surgery will wipe his 100k . Foolish decision, he should continue insurance with high deductible atleast. 

 

4 hours ago, Bulls_Rose said:

yea chala madiki debba pade daka telvadhu. eppudu nibba s ayite go fund me undi ga ani adi kuda light tesukuntunaru

I think @manadonga meant that that person with 100k in HSA now chose the $0 Insurance with HSA option. His out of pocket max for the year for family will not be greater than 8k. For 1 person it wont be more than 4K. So they should be OK. After 65 they would have medicare, etc benefits anyway.

[ZoomNaidu]

1 hour ago, Konebhar6 said:

 

I think @manadonga meant that that person with 100k in HSA now chose the $0 Insurance with HSA option. His out of pocket max for the year for family will not be greater than 8k. For 1 person it wont be more than 4K. So they should be OK. After 65 they would have medicare, etc benefits anyway.

Ya in that case it makes sense a lot ..

without insurance antunnademo anukunna..

[Bulls_Rose]

5 hours ago, ZoomNaidu said:

Go with this. 

baby expecting ayite PPO(80% cover after decutable) better or HMO(no deductible at all) better aha?