Jason's Log

I have settled on using the traditional copay option for our health care for 2010. The premium is a little more (still less than the previous company) than the High Deductible Plan, but I don’t have the ability to use it with the Health Savings Account (HSA) this year since I already committed to a Flexible Spending Account. There isn’t away to convert an FSA to an HSA for the same tax year, so I will have to wait until next year to enjoy the HDP and HSA combo. The HDP and HSA would have been a very good option for us because of the tax advantages. I still have the FSA, but the maximum amount for that is only $2500 per year — which is far below the family maximum out of pocket for the HDP option. However, the new copay plan isn’t bad at all — cheaper premiums and lower copays across the board, and better coverage/terms — so I’m happy with the choice. Also, my company is playing for a good dental insurance plan worth up to $2,000. Considering dental insurance plans, that’s actually a very good benefit. Overall, I’m fairly happy with the arrangement. Cost is still very high, but less than what would have been a nearly $370/month increase.

Posted via email from awesomejt’s posterous