MSP CRJ/Health Insurance
02-24-2018, 12:39 PM
#12
Gets Weekends Off
Joined APC: Feb 2015
Position: Downward Dog
Posts: 1,875
03-30-2018, 08:00 AM
#18
Gets Weekends Off
Joined APC: Oct 2005
Position: RJ Captain
Posts: 1,183
The annual premium for a family on the PPO is $6455, or $268 a pay period. $1000 deductible and $6000 annual max out of pocket.
The cheapest CDHP would run a family just under $2400 a year or about a $100 a paycheck. Deductibles of $5000 and max out of pocket $6850. The company also puts it $300 a quarter to your HSA.
Premiums are obviously cheaper on the CDHP. In order for you not to get screwed though a healthy amount of money needs to be put into the HSA every check. If you don't build it up to a minimum of several thousand you are going to wind up hurting when the bills come due. Take that $4000 in savings from paying the lower premium and put it into the HSA.
The benefit of the HSA is that you can use it for other stuff such as dental work, glasses, FAA medical, etc.
I've been on the CDHP for about a decade now. I've saved a considerable amount of money compared to the PPO. And that's with five in the family and a wife that likes to take the kids to the doctor. It's a gamble though. An emergency room stay over New Years will hand you a bill for $14,000. It won't be cheap though on the PPO either.
The cheapest CDHP would run a family just under $2400 a year or about a $100 a paycheck. Deductibles of $5000 and max out of pocket $6850. The company also puts it $300 a quarter to your HSA.
Premiums are obviously cheaper on the CDHP. In order for you not to get screwed though a healthy amount of money needs to be put into the HSA every check. If you don't build it up to a minimum of several thousand you are going to wind up hurting when the bills come due. Take that $4000 in savings from paying the lower premium and put it into the HSA.
The benefit of the HSA is that you can use it for other stuff such as dental work, glasses, FAA medical, etc.
I've been on the CDHP for about a decade now. I've saved a considerable amount of money compared to the PPO. And that's with five in the family and a wife that likes to take the kids to the doctor. It's a gamble though. An emergency room stay over New Years will hand you a bill for $14,000. It won't be cheap though on the PPO either.
03-30-2018, 06:49 PM
#19
Banned
Joined APC: Apr 2010
Posts: 802
Both plans have a lifetime 250K lifetime coverage limit. A good company friend has a daughter that had a near death accident in South America and he’s on the hook for over 100K wth medevacs and out of country expenses. And nothing in the future for her is covered, she’s 19.
SkyWest self insured is not so great, especially if you have kids!
SkyWest self insured is not so great, especially if you have kids!
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