Do you people pick between these two or get your own Healthcare plan? Which ones if you do? What is this bullsht about meeting a high deductible with UHC not covering a tiny percent until you meet the deductible?? What a clown show.
22 replies (most recent on top)
@e6 I thought it was $370 twice a year.
@e7
Triple tax free. If you shoebox your receipts for qualified expenses the withdrawals aren't taxed either. You don't even have to use the USB sponsored HSA. You can deposit enough into the crummy USB fee laden account to get the match, and then contribute the rest of the way up to the IRS max into an HSA at Fidelity with ZERO FEES and invest it as you see fit. You can even do a trustee to trustee transfer from the USB HSA into your Fidekity account after the match hits. This is the upside of high deductible coverage, and it can really pay off in the long run.
The best thing about it is if you don't spend your HSA it grows tax free. It's the only double tax deduction that I know of. If you can try to pay for everything out of pocket.
The High Deductible plan + HSA is the way to go. The bank contributes 750 twice a year if you match, that's 3000 bucks pre-tax, and it reduces your take home pay and thus your annual tax withholdings. Covers dental, medical, tylenol, tamp-ns, anything medical related.
You need to spend more time in the office. You are wasting valuable water cooler collaboration (these are the critical unofficial meetings of which the entire bank would collapse if they stopped, like how it collapsed over and over during covid where "record profits" were made). No time for doctor! Be proud of never taking a sick day ever, like my boss!! Never get sick, but if you do, make sure you still collaborate at the water cooler. Don't stop the progress. Sure it's an inefficient bureaucratic quagmire, but that doesn't mean you can spend any time for yourself ever. Sit and watch the paint dry to speed up the process. Your in office calls to people working in other countries are much more effective in the office, as the background noise increases your ability to hear things clearly. Stop complaining about benefits when the gungan ceo gunjan is literally is giving you the money from her families hard work(ing investments). Did you even thank her for getting the privilege to lick her boots?
Many companies only offer high deductible health care plans since the days of Obama admin. . Take advantage of the HSA benefits and quit b*tching. I remember my first job. :)
OP, this is one of our better benefits. If you think this is bad you have more surprises heading your way LOL!
Max HSA. Lower taxable income. Put all in the stock market. Never make a claim. Pay all medical bills out of pocket. File away bills and payment receipts.
Decades later, easy quarter million dollars.
Need some money for a bill? Put in claim from bill from decades ago and enjoy tax free income.
Minimize your time as a wage slave chained to companies like U.S. Bank.
The whole US bank is a joke. They are spending all the time, money, and resources on RTO requirements.
Not a fan of UHC and even our benefits mostly, however USB is very competitive in this one, single area.
There’s literally no scenario where the PPO option makes better financial sense as far as I can tell.
@at Sorry--meant two High Deductible plan, not two HSAs. Too many acronyms in one night!
You're right--they leave much to be desired. In my experience, most married couples typically decline our coverage and go with their spouses' plan instead, unless it's the rare instance it's even worse (or, God forbid, you're both at USB!).
A lot of the decision needs to go towards your age, your family's age, and just your general health conditions. My, I go with the PPO and FSA; both my wife and one of my children are struggling with rather expensive medical issues at the moment, and while we pay a lot per month for coverage, we're usually getting reimbursement checks back from UHC by summertime. I'd love it if it was possible to double with both and FSA and an HSA, but that's a no-no, and the FSAs (spouse has one too) keep the costs bearable and lower the bill over the year a bit.
If you're younger, one of the two HSAs may be the better bet. Less out of pocket each month, and you can save some money into an HSA to handle routine checkup costs and such. We used both over the years when we were younger, and it wasn't completely awful, but YMMV.
One additional caveat: You might want to see too if your providers are in UHC's network or not. We often get forced into using non-network; we're in an east coast hub, and it feels like half the specialists we need to work with are out of network. Need an EMS transport? Probably out of network. You get the idea.
At any rate, good luck with a painful decision.
@a3 well … you can always continue the job search and go find some place else with better health insurance options. Asking this on a layoffs site is just bizarre. Guess that’s who we’re hitting these days.
Yes, I get insurance here. Yes the deductibles and coinsurance su-k! Unfortunately, the open marketplace is even worse. I’ve researched this.
Welcome to today’s wonderful world of health insurance. A lot of places aren’t much better. High deductibles are the norm these days. I’ve just adapted to it by heavily using the flexible spending accounts.
UHC is terrible. But all employers have similar choose. If mostly healthy pick high deductible and max out HSA. Reduce taxable income with hsa and 401k. Also superhero account in brokerage for tax diversity when you want to retire.
Gradually over the years stop being a salary slave and save efff you money.
Go ahead and price a policy on the open market. Then come back here and post your findings. Don't throw rocks in a glass house.
We pick between the two
Had the low deductible plan for years and it's served me just fine.
@a2 no, I read them both carefully and compared them and they're both sh-t. My question is, do people here really just pick between these two or purchase their own private/ independent health insurance?
If you need to decide what to do, read the options and make a decision before the deadline. Or are you asking randos on this forum to decide for you?
I need to know by the end of the week or they'll keep me without insurance lol