ebaycj
Diamond Member
- Mar 9, 2002
- 5,418
- 0
- 0
That's not a HSA, because HSA's don't go away... HSA's are also allowed to accumulate year on year, as well as earning tax-free interest over the years.
What you have is similar, but is called a Flex Spending account. Your Flex Spending Account does not accumulate, does not accrue interest, empties itself at the end of the year. The only benefit to using it is that you can get childcare / OTC medicine and other "medical" (but otherwise un-covered by insurance) using pre-tax dollars instead of post-tax dollars.
I'm still in an HMO, though thre are a couple PPO options (for now, I like the HMO).
The HMO (HMO Illinois / BCBS) is no payroll deduction, $25 Doctor's office co-pay, $150.00 ER co-pay (whether I'm admitted or not).
Most of the PPOs are also no payroll duduction.
Prescription co-pay is something like up to $20 for formulary generics, up to $40.00 for non-formulary generics, and up to 50% of the actual cost for most Brand-name drugs. I don't remember; I let Wallgreen's figure it out.
All of the above is for the primary insured; wife & chillens will (of course) add to the costs.
We also get a Vision Plan, Dental HMO or PPO (chose one), Psych visits, free/cheap legal counseling, life insurance rounded up to the nearest 25K (with options to multiply it for an additional cost up to 4X or 6X, I think), pension, 401K, and some stock purchase options.
Working for a large (for Dave et al: "evil, despicable ...") corporation does have some perks. These benefits are the same for all non-union employees. The union guys have most of the benefits or similar.
FWIW
The HMO (HMO Illinois / BCBS) is no payroll deduction, $25 Doctor's office co-pay, $150.00 ER co-pay (whether I'm admitted or not).
Most of the PPOs are also no payroll duduction.
Prescription co-pay is something like up to $20 for formulary generics, up to $40.00 for non-formulary generics, and up to 50% of the actual cost for most Brand-name drugs. I don't remember; I let Wallgreen's figure it out.
All of the above is for the primary insured; wife & chillens will (of course) add to the costs.
We also get a Vision Plan, Dental HMO or PPO (chose one), Psych visits, free/cheap legal counseling, life insurance rounded up to the nearest 25K (with options to multiply it for an additional cost up to 4X or 6X, I think), pension, 401K, and some stock purchase options.
Working for a large (for Dave et al: "evil, despicable ...") corporation does have some perks. These benefits are the same for all non-union employees. The union guys have most of the benefits or similar.
FWIW
I have excellent insurance, that costs me nothing.....I'm covered under Mom's (Wifey) insurance.
She is a Federal Employee, and has an excellent plan.
She is a Federal Employee, and has an excellent plan.
OrganizedChaos
Diamond Member
- Apr 21, 2002
- 4,524
- 0
- 0
My employer includes a monthly bonus of $1250 for full time employees to cover insurance, but we can choose from about 4 plans, from HMO, regular PPO, High deductable PPO, and Facility-only high deductable PPO. The high deductable PPO is the least expensive plan. So out of the 1250/month, I spend about half pretax on insurance and put about 1/3 away in the HSA. The rest I get but I get taxed on it.
According to the resident Republicans that option does not exist.
Must be a figment of your imagination.
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