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]

I don't know what plans you are comparing but the GEHA HDP is almost $300 cheaper per month than BCBS basic, and almost $500 cheaper per month than BCBS standard (family option). MHBP has similar premiums. That is a whopping $6000 a year you are saving vs BCBS standard that could go into your HSA. The net deducible for the HDPs is only $1600, so your premium savings more than covers that deductible. Whether you are a low healthcare spender or high spender, GEHA comes out on top compared to BCBS. Now, their issues with JHU is problematic and I will probably be switching to MHBP for the Aetna network. [/quote]

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