Reply to Random, but as a Fed what is your preferred health care plan? It’s open season.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Checkbook does a helpful book each year. Generally, high-deductible plans are more cost-effective if you consider the much higher premiums for regular plans. [/quote]
I don't quite understand the GEHA and MHBP HDHPs. The biweekly premiums are the virtually the same as the standard plans. Yes, you get $$ in your HSA from the gov, but the deductible on the standard plans is much cheaper ($350-500). We don't have a lot left over to invest in the HSA, and due to the premiums being about equal, we can't even invest the delta between them.

I tried doing the math for us, and due to a high monthly prescription for me, therapy for a couple of us, and psychiatry appointments, if we did bump up against the family deductible, it would be towards the end of the year. So we would pretty much always be paying out of pocket but not saving any of the money provided in the HSA.[/quote]

For us, the high deductible plans are better. First, most of our doctors are out of network, so we have to pay for those out of pocket and don’t really get reimbursed. Second, the HSA rollover is excellent tax free savings if we don’t use it all. Finally, I have found that preventative care (colonoscopies, mammograms, MRIs.) are generally covered with no co-pay. So in a normal year, we pay a much lower premium and about the same in service payments. [/quote]

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