My employer has offered a CDHP plan along with an HSA. They've also offered to fund the HSA with $1,500 the first year and $1,000/yr after that.
My family and I rarely get sick, aside from the occasional virus or allergies, and the only one that's been to the hospital is me for the past decade or so. Even then it was goofy stuff like when I cut 2 fingers to the bone with a utility knife after having shot a 3" nail through the same fingers only 8 months before that!
So, we make use of the FSA but don't fund it that much because we don't want to loose it at the end of the year. However, the HSA allows us to fund future healthcare needs using today's money and in a pre-tax way!
The difference in cost between 2 plans comes down to about $130/yr, and that's if we fund the HSA by $3k/yr. Almost half of that would have to be paid out in increased premiums for the lower deductible plan.
Since I didn't really ask a question, in the body here it is. Does it make sense to do a CDHP, and does anybody on the boards have any experience with a CDHP?
My family and I rarely get sick, aside from the occasional virus or allergies, and the only one that's been to the hospital is me for the past decade or so. Even then it was goofy stuff like when I cut 2 fingers to the bone with a utility knife after having shot a 3" nail through the same fingers only 8 months before that!
So, we make use of the FSA but don't fund it that much because we don't want to loose it at the end of the year. However, the HSA allows us to fund future healthcare needs using today's money and in a pre-tax way!
The difference in cost between 2 plans comes down to about $130/yr, and that's if we fund the HSA by $3k/yr. Almost half of that would have to be paid out in increased premiums for the lower deductible plan.
Since I didn't really ask a question, in the body here it is. Does it make sense to do a CDHP, and does anybody on the boards have any experience with a CDHP?
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