What would you guys consider a high deductible for a HDHP that offers a HSA. MY company offers one but the deductible is $6k with a $1k contribution but the premiums are as high as the PPO plan offered with only a $3k deductible. I get the rational behind a HSA, but in this instance it doesn't seem worthwhile.

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Posted by FinleyStreet

Member since Aug 2011

7903 posts

Posted on 8/3/20 at 4:47 pm to Aug1

quote:
MY company offers one but the deductible is $6k with a $1k contribution but the premiums are as high as the PPO plan offered with only a $3k deductible.

That scenario seems odd. I've never heard of an HSA plan with premiums as high as a traditional PPO - that's sort of the whole point with HSAs: Lower premium, higher deductible. There has to be some other information that we are missing. Or your benefits person is an idiot.

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Posted by castorinho

13623 posts

Member since Nov 2010

82063 posts

Posted on 8/3/20 at 4:56 pm to Aug1

quote:
premiums are as high as the PPO plan offered

show the numbers. That's extremely odd

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Posted by wheelr

Member since Jul 2012

5149 posts

Posted on 8/3/20 at 6:12 pm to Aug1

quote:
What would you guys consider a high deductible for a HDHP that offers a HSA. MY company offers one but the deductible is $6k with a $1k contribution but the premiums are as high as the PPO plan offered with only a $3k deductible. I get the rational behind a HSA, but in this instance it doesn't seem worthwhile.

My premium is $45 vs $65 for the PPO. My deductible is $3k where the PPO is $2k. I also get decent employer contributions to my HSA.

Hope that helps.

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