Medical insurance costs?

Hi Michael -

I just recently coordinated new health benefits on "the outside" (aka my actualy office job), and for six people on an Blue Cross Blue Shield HMO Blue plan (just health), the family coverage cost is a little over $1,100 a month with a $1,500 deductible. Hope this helps for a comparison! Are you going through a broker?

All I know is that HSA's are the way to go...you have more control over where/how you spend your money and the money put in is tax detuctable

Michael,

An FSA has the use it or lose it provision. But if you have money left over at the end of the year, you can go to the pharmacy and buy over-the-counter items that are eligible for reimbursement (tylenol, band aids, etc). The HSA carries over from year to year. If you send me an email at cwatkin@ipswichfinancial.com, I will send you a pdf of a nice comparison. Be careful with the HSA. You need to make sure that you have enough money to pay the upfront deductible and have additional to save for a rainy day. Cliff.

We are leaping into the HSA. I'm excited and nervous both. But up to this point we have been pretty much throwing our health insurance premium down the drain. Huge waste. About $5,000/year wasted.

We will have to pay a big upfront deductible, except for for preventative care (for which we will pay 20%). But I am looking forward to using my HSA money for health care I am not getting now b/c it is not covered by our regular insurance: acupuncture, Hellerwork, massage, bite adjustment.

I have a HSA and am considering adding a concierge medicine program to it. Has anyone try Qliance? http://www.qliance.com/6.html