Health Insurance Open Season......

[mattflipper]

We did the HSA and HDHP deal for a few years and it was a near breakeven a couple years had I been in a traditional plan and then the gamble didn’t pay off a couple of years. Not in a big way but I was definitely in the red. We were generally a healthy family of 4 then my daughter ends up with a seizure disorder and some other serious complications within the four of us. Now we have the plan with the best coverage that the state offers (my wife is a state employee). The good thing about insurance is that you get to play a new hand each year and swap up plans so at worst.

From a wealth perspective, it’s a good idea to fund the HSA, invest it, not use it, and pay for healthcare costs out of pocket. This is if you are already fully funding other plans this is a supplemental retirement plan. So long as you take it out after 65 you can use it to cover Medicare or take it out penalty free.

 

[jorswift]

That is the same boat I am in. I made the change for '26 to MHBP Consumer from BCBS Basic.

 

[jorswift]

One thing that has me side stepping is the monthly charge for my cpap machine. Roughly $400/month until deductible is met. 2K deductible for individual before the plan pays out.

 

[passinggas33]

These numbers make me sad. Young family here. Self employed. Through BCBS on open market I pay $1700 a month for a $7500 annual individual deductible and $16000 family deductible. It’s nothing more than a major medical for $1700 a month! It does allow me to have an HSA which is what the question was about. I have one, max it out, and then invest it. It’s been fine. Next year I am changing to a health share plan and then take the money I would have put into an HSA and put it in a high yield savings account. When I run the numbers I come out way ahead.