Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
Megacorp offers an HMO and a qualified Health Savings Account program.
The HSA has the $6k that's like a "medical IRA" - put money in tax free, take out for medical expenses.
Looks like I could put away $3k additional in HSA that I would not for HMO -- so I guess that $3k avoid roughly $1k in taxes paid.
Maybe this is anal but, I guess that that $1k in savings should be included in comparing the two programs ?
Looking for any opinions on traditional HMO vs. HSA. I know a lot depends on plan and one's health condition.
The analysis I did showed the HSA wins for low/medium/ and high medical "consumption" cases.
The HSA has the $6k that's like a "medical IRA" - put money in tax free, take out for medical expenses.
Looks like I could put away $3k additional in HSA that I would not for HMO -- so I guess that $3k avoid roughly $1k in taxes paid.
Maybe this is anal but, I guess that that $1k in savings should be included in comparing the two programs ?
Looking for any opinions on traditional HMO vs. HSA. I know a lot depends on plan and one's health condition.
The analysis I did showed the HSA wins for low/medium/ and high medical "consumption" cases.