Federal employee. It is open season time.
Have always had BCBS, but with monthly premium rates raising 11% last year and another 17% this year. It may be time to ditch it. Family of 3; spouse and kiddo (16). I am looking into a HSA/HRA plan through MHBP. Much cheaper monthly premiums and the added benefit of the HSA. They throw a yearly amount of 2400 into the HSA to start, deductible of 4k, so out of pocket is essentially $1600 before plan benefits hit. You can put up to $8750 into the HSA which rolls over and is tax free money from my pay. We are generally healthy folks, just the normal Dr appointments every 3-4 months and some monthly RXs. However, I had an elected hand surgery and daughter had an injury surgery from a sport. Last year out-of-pocket was about $2500 -3k plus premiums.
2026 BCBS yearly premium - $9278.36
2026 MHBP - $5799.04
I like the idea of rolling over the HSA every year, getting $2400 per year and being able to possibly invest the HSA.
I do not like the unknown and paying for everything out of pocket until the deductible hits. I like a fixed price. But I know I would be saving $3479.36 per year just switching to this plan, thus adding $2400 from the plan I would be essentially gaining $5879 just by switching. Then add in my FSA, that I have been using and that is another $1500. Total $7379.36 towards the HSA.
Anyone have real world experience on HSA? Hate it, like it, got burned with it? Advise?
Have always had BCBS, but with monthly premium rates raising 11% last year and another 17% this year. It may be time to ditch it. Family of 3; spouse and kiddo (16). I am looking into a HSA/HRA plan through MHBP. Much cheaper monthly premiums and the added benefit of the HSA. They throw a yearly amount of 2400 into the HSA to start, deductible of 4k, so out of pocket is essentially $1600 before plan benefits hit. You can put up to $8750 into the HSA which rolls over and is tax free money from my pay. We are generally healthy folks, just the normal Dr appointments every 3-4 months and some monthly RXs. However, I had an elected hand surgery and daughter had an injury surgery from a sport. Last year out-of-pocket was about $2500 -3k plus premiums.
2026 BCBS yearly premium - $9278.36
2026 MHBP - $5799.04
I like the idea of rolling over the HSA every year, getting $2400 per year and being able to possibly invest the HSA.
I do not like the unknown and paying for everything out of pocket until the deductible hits. I like a fixed price. But I know I would be saving $3479.36 per year just switching to this plan, thus adding $2400 from the plan I would be essentially gaining $5879 just by switching. Then add in my FSA, that I have been using and that is another $1500. Total $7379.36 towards the HSA.
Anyone have real world experience on HSA? Hate it, like it, got burned with it? Advise?
