Re: Random Thoughts
Posted: Wed Jun 22, 2022 3:35 pm
Let me put in a good word for Infiniti.
All of it.
$50 is cheap. Frankly, it would be incredibly foolish not to be insured.Spirit of the Watch wrote: ↑Thu Jun 30, 2022 10:01 am Started a new job and I can't decide if I want health insurance or not.
Regular plan is $50 a paycheck, High Deductible is $37.
Medical debt is the #1 cause of bankruptcy in the United States. Get insurance. https://www.cnbc.com/2019/02/11/this-is ... uptcy.htmlSpirit of the Watch wrote: ↑Thu Jun 30, 2022 10:01 am Started a new job and I can't decide if I want health insurance or not.
Regular plan is $50 a paycheck, High Deductible is $37.
Also, something called an HSA or FSA is available depending on which you sign up for.
I never go to the doctor and have no idea if this would ever be worth it barring an outright catastrophe.
Looks like I've got some research/ deciding to do.
Go with the regular plan at $50/paycheck. They all suck, but better to have it than not.Spirit of the Watch wrote: ↑Thu Jun 30, 2022 10:01 am Started a new job and I can't decide if I want health insurance or not.
Regular plan is $50 a paycheck, High Deductible is $37.
Also, something called an HSA or FSA is available depending on which you sign up for.
I never go to the doctor and have no idea if this would ever be worth it barring an outright catastrophe.
Looks like I've got some research/ deciding to do.
Also, get the HSA/FSA. It's deducted pre-tax, so basically a 20-30% discount on health expenses, depending on your tax bracket. Your plan should have a very detailed list of what's an allowed expense and what's not. Review it and add up how much you spend on those things in a year. Some plans allow you to carry over a portion of the unused balance (usually a max of $550) into the next year, but know the limits and budget accordingly.Spirit of the Watch wrote: ↑Thu Jun 30, 2022 10:01 am Started a new job and I can't decide if I want health insurance or not.
Regular plan is $50 a paycheck, High Deductible is $37.
Also, something called an HSA or FSA is available depending on which you sign up for.
I never go to the doctor and have no idea if this would ever be worth it barring an outright catastrophe.
Looks like I've got some research/ deciding to do.
Man, you are literally at step one understanding health insurance. You really need to do a lot more research. If you cannot immediately recite the difference between an FSA and HSA, you’re not in a position to make any decisions on what you need or don’t need. If you’re not 18 years old and living with your parents, you seriously have a lot of work to do my friend.Spirit of the Watch wrote:Yeah, the regular plan and no FSA/HSA seems like the way to go.
I know the HSA with the high deductible plan is used by some of the employees here because the employer tosses in some sort of HSA match (edit $1k or 1.5k with family) they perceive as free money but I'm not sure I want to play around with it.
Worst case I mess it up and open enrollment is in November.
“Use it or lose it” depends on the plan and the employer. IRS regulations allow carryover of up to 20% of the maximum contribution, but employers can set a lower limit, or not allow it at all. My company allows it.TheJohnP wrote: ↑Thu Jun 30, 2022 1:59 pm
FSA - available with any plan company offers. Also pretax contributions You have access to your total yearly contribution from the start so you can schedule a major procedure early in the year which likely knocks out your deductible. Big difference is an FSA is use it or lose it. If you have any remaining balance by end of year, it's gone.
Plus we don't have Bo on staff.BostonCharlie wrote: ↑Sun Jul 03, 2022 9:25 pm I like to think that MoT is like a bar where everybody has had a couple so we all give each other plenty of slack as we talk about things -- no need for eggshells or steamrollers.