Reply to Is HSA preferrable over regular health insurance plans?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]NP here. One of my kids had a broken arm this year. The total bill for the surgery and hospital stay and ambulance ride etc was almost $100k. The weekly visits to the orthopedist and follow up X-rays would have added to that. Fortunately we did not have a high deductible plan but presumably if we’d had one we’d have been on the hook for 20%? $20k?

I find it hard to understand how this can make sense unless you are lucky with accidents. We haven’t been. Two kids and this is the third accident requiring surgery in 3 years plus another routine broken arm, and prior to that when the kids were younger ENT and hernia surgery. Plus knee surgery for my spouse. And we’re generally very healthy.

How does it work? [/quote]

That’s only if the plan is 20% coinsurance after the deductible, which is pretty bad. We have a HDHP with an $4K family deductible and then 0% coinsurance. My husband has a chronic illness for which his medications are $75K or more every year. We pay our family deductible of $4K (we hit that in January), stay in network for all treatment, and never pay anything else all year. With the lower premiums and the significant savings benefit of an HSA, we do much better financially with this plan that we would with the PPO options available to us. [/quote]

Op here - I just checked and our High deductible plan is 20% after deductible is met for things like ambulance, hospital stays, etc. it says nothing about co-insurance.

Regular insurance is $300 inpatient stay/$125 out of patient pay. [/quote]

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