Our employer is 'so excited' that they are changing our benefit package and 'oh how much money you'll save' speech was given. I am a bit anxious. Premiums are going down about $100 a month for the kids, no co-pays, and 100% coverage after deductible is met. So your basic lower premium/higher deductible plan. I am anxious because now I need to completely redo my budget.
This will include an HSA plan. Anyone familiar? The money we are saving in premiums can go tax free in to the HSA account. Our deductible will be $6000 for me and the kids and $3000 for my husband.
My concern is that I see the dr once a month. I also get a rx that is already not covered. I don't spend $6000 a year in medical expenses but of course I might if something bad happens. How do I save for these appointments. Is this really going to save me money in the long run? I'm so scared bc we already are living so tightly to get out of debt. NOW we have to figure out a way to save for medical expenses bc insurance won't cover it. Right now I budget $150 for medical but without the insurance covering it.. It's going to need to be more and then if someone gets sick?? That's extra money we don't already budget for unfortunately because a $35 co-pay is not going to break our budget but $150 out of pocket will.