HSA 100 from United Health

Jul 28, 2008

  1. Guest
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    Guest Guest

    I am planning to buy HSA 100 from United with a $2200 deductible for a family (2 adults and 2 kids). Any advice on what I should be aware of?. Is this a decent plan from experience?

    Thanks!
     
    Guest, Jul 28, 2008
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  2. somarco
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    somarco That Medicare Guy

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    GR is a great company but a $2200 deductible for a family is overkill. I would never recommend such a plan for my clients.

    You have to pay extra for wellness and wait a year before you can use the benefit. Another ripoff.

    There are better values out there, depending on your age, general health and where you are located.

    In Georgia, Golden Rule would probably be my third recommendation for the HSA. It may be different in your area.
     
    somarco, Jul 28, 2008
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  3. The Rabbi
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    The Rabbi Guru

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    It really doesn't matter which major company you go with too much with HSA. Why not save even more and do it on 80/20. You can take it with a 5k ded. If you have qualified money you can transfer, all the better.

    Sometimes you can do better without the HSA component.
     
  4. Guest
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    Guest Guest

    I think if it's affordable, $2200 is a good starting point. This way over time (a few years) you have room to raise the deductible upon renewal to keep the costs consistent, while increasing the funds in the HSA to cover the increasing deductible. Plus it's one deductible per family.

    Why would you recommended an exposure of $5k (plus more possibly) when after they get hit with a price increase they can only pay it, switch plans or they'll have no where to go except to an even higher exposure/deductible?
     
    Guest, Jul 28, 2008
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  5. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    Here's why:

    2 adults, 2 kids on an HSA100 in a 336 (Tampa zipcode)

    $2,200 deductible $591/mo
    $5,800 deductible $328/mo

    That means they're paying $3,156 per year for a $3,600 lower deductible.

    Who's that a good deal for?

    Golden Rule. $2,200 is the sucker deductible.
     
  6. The Rabbi
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    The Rabbi Guru

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    When I look at deductibles, I take the above into consideration.

    M & M you are right on the mark. You get an 'atta boy'. The insurance companies are making the higher deductibles irresistable.
     
  7. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    Thank you very much, Rabbi. Mazel tov. Did I spell that right?

    Rabbi, do you keep kosher?
     
  8. Guest
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    Guest Guest

    Doesn't Florida have notoriously higher rates than other states?
     
    Guest, Jul 28, 2008
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  9. Guest
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    Guest Guest

    And I'll repeat, if a lower deductible is a feasible option, it can work out in the client's favor. I have clients that want to avoid the high exposure and don't mind paying for it, when compared to other options.

    If it's what the client wants, they can have it. I guess you would feel there's a sucker born every minute.
     
    Guest, Jul 28, 2008
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  10. moonlightandmargaritas
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    moonlightandmargaritas Guru

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    Only in Dade and Monroe (FL Keys) Counties.

    Respective GR premiums for the same case, 605 Chicago west suburban zipcode; $636 and $340.

    Not so much to do with state's rate variations, but the sucker premium you pay for lower deductibles!
     
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