When evaluating an offer’s health insurance plan, what are the elements to be considered? Monthly premium pulled from my paycheck, annual deductible or copay. Is there anything else to keep in mind? As much description as possible is helpful as I’m very early in my career and BCG had a very simple $5 copay on everything in network policy.

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Posting as :
works at
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Out of pocket max

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That’s correct.
- Up to the deductible - you pay all of it
- Over the deductible but under the out of pocket max - this is the “coinsurance” part where they pay most but you still pay some
- Over the out of pocket max - they pay all of it

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Some questions to ask: - What is the annual out of pocket max? - Do you have just in-network coverage or also out of network? If it’s only in-network, check to make sure your current doctors take this insurance. - Is it a gated or a non-gated plan? ‘Gated’ means that you need to select a pcp and get a referral for specialists.

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Thank you for the tactical questions!

Also ask if the plan covers therapists etc. - many plans, even the good ones, don't typically cover most non-traditional medical providers.

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Look for a high deductible plan with an HSA (not FSA) bc you can also contribute pretax to your HSA and grow a retirement medical fund. Employers will usually contribute a fixed amount per year to your HSA. You can also dip into your HSA all you want pre-retirement to pay doctors bills and rx costs, but if you can avoid using it all the better for an emergency fund!

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One of the sneaky good perks is gym reimbursement, especially if you’re healthy this can be a several $100 benefit

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Any anticipated medical needs that are out of the norm? I'd ask what what fertility coverage is since that cam vary widely and can come into play

No, I’ve been relatively healthy and hardly use my current benefits but I’m getting married next year and my fiancée has some prescriptions.

Good thought on the fertility - I’ll be sure to ask about that.

These are all great pieces of advice - thank you all!

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