TheMan419
Veteran Member
HSA v. Traditional depends on your costs and health. I work for a company with 27 employees and help make the decision on what plan we go with each year.
HSA seems good if you are really sick or really healthy. If you are really sick the max out of pocket is lower, plus you can cover your share with pre-tax dollars so there is a savings there.
If you are really health, preventative stuff is covered and you have a lower premium so you are good.
If you mid range you likely get screwed.
Of course the answer is always check the math. Find out what the premiums are and what you can expect to pay out of pocket. Which ever is less for you and your family is better. It may not be better for me and mine.
Unfortunately in our company's situation we cannot offer our employees a choice. They either take the plan or they do not take it. Larger companies can offer you the choice of plan A or plan B.
Also check the ACA exchange to see if you qualify for a subsidy or just get a better premium there.
HSA seems good if you are really sick or really healthy. If you are really sick the max out of pocket is lower, plus you can cover your share with pre-tax dollars so there is a savings there.
If you are really health, preventative stuff is covered and you have a lower premium so you are good.
If you mid range you likely get screwed.
Of course the answer is always check the math. Find out what the premiums are and what you can expect to pay out of pocket. Which ever is less for you and your family is better. It may not be better for me and mine.
Unfortunately in our company's situation we cannot offer our employees a choice. They either take the plan or they do not take it. Larger companies can offer you the choice of plan A or plan B.
Also check the ACA exchange to see if you qualify for a subsidy or just get a better premium there.