Trying to decide which plan will be cheaper overall.
I have a current family of 5 (Kids 9,7 and 4) and I have been on the HDHP the past 3 years with no complaints. We are healthy and just go to the doctor for check ups and the occasional sick visit. However, we are expecting another child, so I am trying to decide if I will be better off switching to the PPO plan this year.
After reviewing this article it seems the HDHP wins out every time.
https://wealthengineersllc.com/hdhp-vs-ppo/
Here's my situation:
HDHP
Annual Premium $4,800
Deductible (Family) $8,000
Out of Pocket (Family) $13,100
Coinsurance (after deductible 100%)
Employer contribution $1,575
Employee contribution $5,425
PPO
Annual Premium $6,300
Deductible (Family) $2,000
Out of Pocket (Family) $7,000
Coinsurance (after deductible 80%)
Employer contribution $0
What would the financially sound folks of the B&I board do?
I have a current family of 5 (Kids 9,7 and 4) and I have been on the HDHP the past 3 years with no complaints. We are healthy and just go to the doctor for check ups and the occasional sick visit. However, we are expecting another child, so I am trying to decide if I will be better off switching to the PPO plan this year.
After reviewing this article it seems the HDHP wins out every time.
https://wealthengineersllc.com/hdhp-vs-ppo/
Here's my situation:
HDHP
Annual Premium $4,800
Deductible (Family) $8,000
Out of Pocket (Family) $13,100
Coinsurance (after deductible 100%)
Employer contribution $1,575
Employee contribution $5,425
PPO
Annual Premium $6,300
Deductible (Family) $2,000
Out of Pocket (Family) $7,000
Coinsurance (after deductible 80%)
Employer contribution $0
What would the financially sound folks of the B&I board do?