Who wants to guess which airline this is?
At SFO even part timers like me get free healthcare, regardless of the rest of the company. Go San Francisco county!:beer:Skywest
A HSA is a form of health coverage. Some people like HSA plans.
Skywest
A HSA is a form of health coverage. Some people like HSA plans.
talk to someone who has a family of four and has been through some form of cancer/ life threatening event.
There should be a choice. It shouldnt be forced.
Let me guess, you're young, don't have many health problems, and think you'll never break anything, ever?
I don't consider a HSA to be health coverage, of course I don't have a family so my premiums are low low low for real health insurance.
Hopefully everyone in the USA will have health insurance soon anyway.
Our will pay 80% for In-Network and 60% for Out-of-Network****, above the deductible ($2400 per family), with an annual out-of-pocket max of $10,000****. The company is only going to make a one-time contribution for new enrollments' HSA's. The insurance portion is self-funded by the company, and managed by UHC.
It depends what we're talking about. An HSA is typically paired with a high-deductible insurance plan. In return for the high deductible, the insured enjoys a very low premium. The "high" part of the deductible is typically in the $2000-$5000 range. Everything up to the amount the policy holder pays for. If you start getting into health expenses above that, the insurance company pays for it all. This is more along the lines of catastrophic insurance.
Our will pay 80% for In-Network and 60% for Out-of-Network****, above the deductible ($2400 per family), with an annual out-of-pocket max of $10,000****. The company is only going to make a one-time contribution for new enrollments' HSA's. The insurance portion is self-funded by the company, and managed by UHC.
What is the deductible for employee and then for employee+family? The HSA we have at Delta is $2300 for employee and $4500 for family. Next April is when our next kid is due to pop out so I ran the expense calculator on our benefits website. Surprisingly, the HSA was cheaper than the 90% PPO that only has a $500 deductible.
Total medical expenses next year for me under the HSA will be about $6000 and under the PPO would be $10,000. That includes all out of pocket expenses like premiums, copays and deductibles. I still think that the cost is atrocious but, it is what it is.
I don't consider a HSA to be health coverage, of course I don't have a family so my premiums are low low low for real health insurance.
Hopefully everyone in the USA will have health insurance soon anyway.
tinstaafl.at sfo even part timers like me get free healthcare, regardless of the rest of the company. Go san francisco county!:beer:
It depends what we're talking about. An HSA is typically paired with a high-deductible insurance plan. In return for the high deductible, the insured enjoys a very low premium. The "high" part of the deductible is typically in the $2000-$5000 range. Everything up to the amount the policy holder pays for. If you start getting into health expenses above that, the insurance company pays for it all. This is more along the lines of catastrophic insurance.
Personally, I think this is a fantastic way to have insurance. It puts the control and responsibility of routine health care in the hands of the individual. It acts like real insurance does and protects the policy holder against things they can't afford (catastrophic events.) In the event of a catastrophic event, it protects the policy holder - under a normal plan you may have to pay 20% of the hospitalization, tests, and procedures. Under a high-deductible plan you are fully covered after you meet your deductible. No surprises - no unplanned expenses.
HSAs are your money. They money rolls over year to year. So, if you choose to keep funding it monthly and you're a healthy person the account grows substantially so that if you become an un-healthy person you have a healthy reserve available.
At SFO even part timers like me get free healthcare, regardless of the rest of the company. Go San Francisco county!:beer:
Your assuming that you won't have a catastrophic event for the first few years of the new coverage. What if two months into the plan you break your back? $5,000 automatically? Even though you've been paying preiums for years?
That assumption is risky. I'm pretty risky but when it comes to flying,driving, and my health, I don't make gambles.
So Skywest just canceled their health coverage for all their employees? Is that what I'm reading?