Please help me select my insurance plan. I am married (going to be 24% tax bracket) with a baby so I can choose between low, medium or high deductible medical plans. My wife is anticipating having significant medical expenses for the remainder of the plan year over the max out of pocket (oop).

Taking into account employer HSA contributions, tax savings and the max OOP amounts, is it less expensive to go with the high deductible (calc attached)? Sounds counterintuitive, but maybe I'm incorrect.

Post Photo
helpful
Posting as :
works at
You are currently posting as works at

I’d pick low due to the high incoming medical expenses.

like

But wouldn’t the full amount paid be lower under the calculation? Even though the deductible is met quicker, the full out of pocket amount (including premiums) is higher under the low plan

like

Personally, I'd go with the low deductible. Between having a baby and your wife's anticipated medical expenses, it's better to be safe than sorry. Only way I'd go with high deductible was if I was on an individual plan, super healthy and could afford to pay out of pocket in the event something catastrophic happened. Definitely not the best idea when you have a family and/or medical issues.

How "significant" will her medical expenses be?

Around $15k

Related Posts

I rlly hate my phase of life. Dealing with dumb people is really messing up with my mind. It almost feels like my future is gonna go ablaze while other people are having some degree of fun with their lives. I just don’t know who to talk to or what to say cuz almost everyone seems to judge me but not seeing what my point of view. I’m just sick of everything, I rlly wish to stop this pain smh.

like

I got offer from cognizant. Can someone please tell me how much maximum parents insurance cognizant provides if taking it voluntarily.. And which is the amount need to be paid. Parent insurance is very important for me to decide whether to join the organization or not.

like

Is it possible to transfer the points in Appreciate as Money to a bank account?

like

My complexion and under eyes get very pigmented when I don’t sleep well. I have a wedding to go to in a few weeks and I know I should sleep more to look ok but I don’t. Any tips on looking healthy and getting some glow for brown skin? I used to get facials pre covid but can’t anymore.

like

Need to leave for Canada in roughly a month because of US visa expiry but worried about potential travel restrictions in Canada given the bad covid situation. Are there any provinces that are not as hard hit by covid? Any advice is appreciated. Thanks.

Anyone know US car insurance companies that recognize Canadian driving history/experience?

like

Markets are down but so is the VIX, are we about to see a healthy slide in volatility rest of week?

like

I have 20k in student loans at 6%, and just got a 20k retention bonus with a year clawback. Any downside to putting the 20k in I-bonds at 7%? Not sure if the interest rate changes on those when it renews in april

like

How does your help help with interest rates if we're only putting 10% down. In addition to a meager down payment, I also worry abt interest :( Definitely didn't get into this for the money

So I just got my first corporate job and as everyone else I want to start a savings account. My idea is saving 10% of my paycheck per pay, how would you guys go about it/how do you go about it?

Where does KPMG folks have their HSAs - it appears that schwab doesnt offer HSA accounts?

Does the UK have tax breaks for people with kids, mortgages, etc. like they have in the US, Singapore, etc.?

funny

I can’t get this return to balance. Everything ties besides the partner contributions/allocations. I’ve been spinning my wheels for some time. Should i submit to my reviewer?

like

Looking for recommendations on books for personal finance and investing?

like

Anybody who has gone through Hair transplant ? Pros or cons?

like

Hi! Has anyone tried Glow Recipe Guava Vitamin C serum? If yes, would you recommend and how did it help you?
I am basically planning on upgrading my skincare and introducing Vitamin C to start with. I typically have clear skin with one -two acne hyperpigmentation marks that I am trying to fix. My Skin type is normal-dry.
I saw mixed reviews about the serum mostly good though. Nevertheless wanted to check if anyone had any experience that they’d like to share. Thank you :)

I was diagnosed with ADHD at the age of 12. My family did not opt to put me on medication. I illegally discovered Adderall in college. Worked incredible. Got diagnosed after college & after having been fired from my first job. Passed the CPA exams on Adderall. Went off of it again. I do everything well at my job except for attention to detail within my excel files & emails. Will taking ADHD medication really fix this? Does anyone else have this issue and was it resolved by taking medication?

like

Rant: Told my mom yesterday not to play with the baby at the diaper changing table. The baby is crying, mom is usually in the way loudly trying to pacify the baby while me or hubby are trying to change the diaper. She took this to mean we weren't appreciative of her help.. Blah.. Blah.. She didn't talk to me all evening yesterday and is still not talking to my husband. Obviously hubby is super irritated and the whole home atmosphere is ruined. Rant over...

funnylike

More Posts

I am pretty new to this and use Vanguard, would anyone has ideas on what to get crypto related?

like

I have 2.8+ , years of experience working with multinational company in application Development and production support using Oracle SQL, PL/SQL.

I am looking for job change. Please help me to get an opportunity. provide reference if possible.

likesmart
like

For a full time opportunity in Infosys for various roles: Full stack dev, AWS dev, Data on cloud, Cloud engineering and so on. Ping your profile in rohit.mukherjee .dak@gmail.com for referrals.

like

I have been trying to get a job since 2021.went on maternity in 2020....was doing freelance meanwhile.
Now it's soo tough to get a job...i have been applying endlessly..people call take details and not get back.
Companies take round of interview .ask for pay slips ..bank statements and then stop picking calls..dnt reply to messages..
I dropped emails complaining the same..
.but again no reply ..god knows what is wrong with this field of architecture ..neither they wanna pay and not revert back

like

Gogo's product team should consider managing user experience expectations up front by playing the old dial-up modem sound when you're signing in...We got your back@ 35,000 feet with 12kbps

like

Did anyone hear of Anaplan partnering with a visualization company?

like

Hey trying to bring this bowl back to life, how's everyone doing? Busy season blues/last year of school/interning/ looking for a job? I'm finishing my last year of grad school before I work in the sum

like
like

Has anyone used Lowes flooring installation service? Got a quote for $23k for 1500 sqft from local company and that feels high

like

How long does PES background verification happens ?
Are we supposed to get any email after the verification is done ?

like

Next time if you are confused whether you are being lowballed then remember this formula.

Minimum salary for your yoe = yoe × 3

like

Partners-- what do you really think about associates/seniors/managers that are clearly kiss-asses?

like

Going to Berlin next weekend. Recommendations?

like

How are teachers with high school ELs providing services? Especially to those who are in the program but are proficient? Do you just keep in contact with the teachers?

like

Anyone working in Qualys ? Hows the culture and WLB? what about RTO ?

like

What is everyone reading right now? Any suggestions?

like

Is HDFC bank account mandatory for pwc ac Bangalore as salary account? Currently I have icici as my salary account.

like

Finally completed the ttp course. The gmat exam is still coming up but damn does it feel good.

like
like

Additional Posts in Career Advice for Students

Has anyone here completed or is familiar with the PhD fellowship in equity research at Goldman Sachs. If so what was it like?

like

Am I wasting my time applying to consulting firms with job postings on their site this late? Thinking of just waiting until next cycle after I graduate.

like

Hi! May I know any biotechnological or pharma companies in the US along with the positions a person with masters can work in?

like
like
like

Hello 👋 DM me if you want a referral to Accenture. Others have been successfully hired through me!

Please note that I am not a recruiter, so you’ll need to find an opening on the Accenture website that suits you.

like

Okay MACC or MBA with a Concentration in Accounting?? The MACC is $17,000 online and the MBA is $19,000 online. Both programs are great honestly. My ultimate goal is to become a CPA. Eventually, I want to start my own business in a few years. I am trying to decide on which is best route honestly. I will get Accounting Knowledge with both. The courses for both are basically the same except like 2 classes. Any thoughts?

I need interview questions for SWETA

like

Advice on case interview prepping for LS firms? What type of cases will I typically see? Particularly interested in ZS, ClearView, and LEK so far.

like

Hello , please who has any interview tips for blackRock internship

like

Does DoorDash do reference check for everyone? I finished my final interview last week and they asked for references, also does it mean I am almost hired?

I have been applying through referrals but still have no luck… what can I do in this situation? Also.. I am not usually motivated but I have kind of stopped applying for January/Summer starting roles.. how do I stay motivated…

like

I negotiated a salary for the first time ever and got what I asked for! I was terrified since I’ve never countered an offer before. When they accepted I was shocked and proud of myself for asking. DO NOT accept less than you feel you are worth! A good employer will rise up to meet your expectations.

like

I currently have a Big 4 MC internship for next summer lined up, but I’m still considering making the jump from consulting to Law School after 2-3 years. Has anyone done that and what was your experience like? Would you recommend it?

like

I'm almost done with my IT degree and I have no idea what I want to do once I'm done. Any task given, I give 100%. So I'm good or capable of many things but I haven't found the one thing that I like or want to work towards. All signs point to data analyst, but I'm not so sure. If Garcia's job, from Criminal Minds, was a legit job, that's the job I would want. I knew going in that I wanted to do something in cyber security, but now I'm not so sure. I feel like I've wasted so much time.

like

I’m currently an intern at a company that I really like. Any advices on how to get a full time offer from being an intern?

Thanks in advance!

like

Who wants career advice?! :)

like

I’m going to be graduating with my BA in mechanical engineering in the the Spring. I have about a years-worth of experience under my belt as a product designer from a part-time/full-time job (during the semester and during the summer, respectively). If I go into product design with this amount of hands-on experience with a BA in ME, what kind of pay range can I negotiate for?

like