The past few years I have had an HSA because that is the only plan I could "afford" on my company plan and I lost the plan I wanted to keep thanks to some " mandatory govt. changes...".
This past January my wife started working for the VA as an RN and we elected to go over to her insurance. She got a .25 per hour raise to go over but the working conditions and vacation is much better so it was worth it.
Wow! What a difference it makes! :wow:
My HSA cost me approximately $90 per pay period including vision and dental and I contributed an additional $50 into my HSA account. The HSA had a $10,000 deductible so I put off things that I need like nasal septum deviation surgery.
My wife's insurance is a commercial BCBS program. We pay $150 per pay period including vision and dental and only co-pays unless we are looking at major medical items which is then 80/20.
Here is where it gets fun - My wife got her first paycheck with everything deducted and it was $25 less than it was at her old location. Since I stopped my HSA my pay check went up $140.
So taking the $25 away from hers, we wound up making an additional $115 per pay perioid!
The additional benefit is that my son is on medication that used to cost me $180 per month. It now costs only $10!
I feel like I got a raise and I still have all of the money I saved left in my HSA bank.
This past January my wife started working for the VA as an RN and we elected to go over to her insurance. She got a .25 per hour raise to go over but the working conditions and vacation is much better so it was worth it.
Wow! What a difference it makes! :wow:
My HSA cost me approximately $90 per pay period including vision and dental and I contributed an additional $50 into my HSA account. The HSA had a $10,000 deductible so I put off things that I need like nasal septum deviation surgery.
My wife's insurance is a commercial BCBS program. We pay $150 per pay period including vision and dental and only co-pays unless we are looking at major medical items which is then 80/20.
Here is where it gets fun - My wife got her first paycheck with everything deducted and it was $25 less than it was at her old location. Since I stopped my HSA my pay check went up $140.
So taking the $25 away from hers, we wound up making an additional $115 per pay perioid!
The additional benefit is that my son is on medication that used to cost me $180 per month. It now costs only $10!
I feel like I got a raise and I still have all of the money I saved left in my HSA bank.
Forgot what it was like to have real insurance
