Your Health Insurance Cost?

[rh71]

I am on the Amerihealth Bronze plan. Out of pockets are higher, but I'm also only paying $35 a month. In Jan, I'll be on the same plan but thru the state of NJ.
My monthly payment will be $0.33 cents. I might have a job with a school district, so my plan will change from bronze to gold which will be awesome. Paymets will be $40 a month.

Not so awesome for the taxpayers subsidizing the schools. Ask me how I know. Aren't those gold plans upwards of like $25k per person?

 

[mztykal]

Pay about 850 a month for Kaiser for my family...

 

[DigDog]

Free.

not many advantages to working for an insurance, but this one counts.

 

[zinfamous]

FYI - you can do HSA contributions for a given year based on how long you had a high-deductible plan. So if you had a High deductible plan for 9 out of 12 months of the year, you can contribute (presuming you're single?)...

$3550 (Maximum single contribution to HSA for 2020)
*9/12 = $2662.50

It doesn't have to be from your paycheck - though with paycheck deductions you save FICA taxes (Social Security / Medicare)

yeah, I actually just talked to them about that earlier today.

I also learned that, because of the "Last Month rule," I can actually contribute all of 2020 maximum, as long as I keep my plan through December 2021. ....is that actually true? They confirmed this several times (my HSA provider), but it still sounds strange to me.

I'm also a dingbat--I let my market insurace go forward until, well, this week....after getting that third bill that I didn't pay and was like WTFFFAFIFYGHT? and it dawned on me (not having ever had to deal with non-employer provided health insurance) "Oh, this is actually a bill like insurance and stuff, that I just have to pay regardless." LoL. Don't know why my brain treated it differently. I tried to beg forgiveness from the state (I had essentially doubled up on insurance payments for 1.5-2 months, maybe, lol), but well, uh, no dice on that.

So, then I proceeded to ask the HSA people a knowingly stupid question: If I could like, you know, "double contribute" for those 2 months, seeing as how I was "paying for 2 individual plans" for those 2 months (who cares if it was the same individual, right? right?). Lol, that didn't work, either.

 

[skyking]

My wife pays nothing for preferred provider through her employer, and is covered by my Union insurance as well. Mine is also free to me.
Because of the sometimes seasonal nature of my work, employer contributions are greater than a month's coverage and it builds in a bank, up to 8 months. I will take advantage of that when we retire, a sort of medical severance package.

 

[Dr. Detroit]

Company fully sponsors full health/dental/vision for its employees and their families requiring zero payroll deductions.

 

[ch33zw1z]

PPO thru my employer is $1000/month. $550 thru my wife's employer. family of four.

 

[pete6032]

I think $100/month for a Blue Cross PPO plan. Dental and vision are some small amount extra, maybe $20/mo combined.

 

[Greenman]

I officially hate all of you.
Come January I'll be paying $1600 a month with a $12k deductible for the wife and I. It's absurd.

 

[s0me0nesmind1]

I officially hate all of you.
Come January I'll be paying $1600 a month with a $12k deductible for the wife and I. It's absurd.

Make less money so you can get the tax payers to pay for it

I have zero clue how much you make, but whats the threshhold for subsidies for ACA? I think 400% of the federal poverty rate?

Gotta start doing calculations to see if the subsidies simply make up for the difference in pay.

Federal poverty wage for household of 2 is 17,240. Multiply that by 4 and you get $68,960.

 

[highland145]

Make less money so you can get the tax payers to pay for it

I have zero clue how much you make, but whats the threshhold for subsidies for ACA? I think 400% of the federal poverty rate?

Gotta start doing calculations to see if the subsidies simply make up for the difference in pay.

Federal poverty wage for household of 2 is 17,240. Multiply that by 4 and you get $68,960.

Married, $70K, iirc.

 

[highland145]

Look at that co pay after you've dropped $32K.

 

[s0me0nesmind1]

Look at that co pay after you've dropped $32K.

Did you make sure to "Like" your plan? Make sure to share it on social media!

 

[highland145]

I liked it this much..

 

[Greenman]

Make less money so you can get the tax payers to pay for it

I have zero clue how much you make, but whats the threshhold for subsidies for ACA? I think 400% of the federal poverty rate?

Gotta start doing calculations to see if the subsidies simply make up for the difference in pay.

Federal poverty wage for household of 2 is 17,240. Multiply that by 4 and you get $68,960.

Poverty is always an option.

 

[highland145]

Poverty is the option.

ftfy

 

[ponyo]

Poverty is always an option.

There's no financial penalty for not having health insurance anymore if you move out of California. As long as you stay healthy. So you can roll the dice and self insure if you're a gambler.

 

[Greenman]

There's no financial penalty for not having health insurance anymore if you move out of California. As long as you stay healthy. So you can roll the dice and self insure if you're a gambler.

I've already had malignant melanoma. Currently have frozen shoulder, rosacea, minor arthritis, a whacked knee and TMB. Odds are stacked against me.

 

[highland145]

There's no financial penalty for not having health insurance anymore if you move out of California. As long as you stay healthy. So you can roll the dice and self insure if you're a gambler.

Over the years, we've had relatively few medical bills. 2017, the wife develops an autoimmune disease. Just the hospital stays for that year were $70K. No idea what the total costs were. My 3 tendon surgeries were over $90K. So, at our age, can't risk it.

 

[purbeast0]

My insurance owns.

I pay $0 premium for me and my whole family. My deductible is $3500 for family and my company contributes $3500/yr to my HSA. I fund the rest myself.

This includes medical, dental, and vision.

This is pretty common in the space i am in.

 

[highland145]

My insurance owns.

I pay $0 premium for me and my whole family. My deductible is $3500 for family and my company contributes $3500/yr to my HSA. I fund the rest myself.

This includes medical, dental, and vision.

This is pretty common in the space i am in.

Daddy, is that you?

 

[ch33zw1z]

I officially hate all of you.
Come January I'll be paying $1600 a month with a $12k deductible for the wife and I. It's absurd.

Why do you hate America?

 

[nisryus]

$649 premium a month and an $1500 deductible top for the year for my family of three, or $500 per individual. I can fund up to $2500 a year for HSA, but company doesn't contribute.

Above covered medical, dental and vision.

 

[Brainonska511]

$649 premium a month and an $1500 deductible top for the year for my family of three, or $500 per individual. I can fund up to $2500 a year for HSA, but company doesn't contribute.

Above covered medical, dental and vision.

That's a weird HSA cap. Why the arbitrarily low limit?

 

[s0me0nesmind1]

That's a weird HSA cap. Why the arbitrarily low limit?

The current max is ~$3,550 for single (double for family). So maybe his employer tosses in $1,000 leaving him with ~$2550.

There are overall low-limits because it's meant to be a "save over time" in order to pay for say... a $10-15k hospital bill you might have down the line.

I treat it like a triple-tax advantage account, regardless of my medical bills right now, I don't take any money out and just invest it all.

Maxing out my HSA is my highest priority - right behind enough 401k contributions to get your employer match.