Money Matters
DaBearsWife
member
Benefits Time
Benefits time is here and I have to enroll this week! I could use some second opinions on my decision.
401k - as per your advice I raised mine from 1% to 6% which is the maximum my job will match
I have a choice between HRA, HRA High, and HSA.
HRA has 2,750 deductible with $5000 max OOP for $18.xx biweekly
HRA high plan has 1,750 deductible with $5000 max OOP for $61.xx biweekly
HSA is a savings plan where they match me each month up to $300 with $3000 deductible and $6,350 max OOP.
My decision is difficult because we are planning on TTC this year and I want to make sure I do the right thing!
401k - as per your advice I raised mine from 1% to 6% which is the maximum my job will match
I have a choice between HRA, HRA High, and HSA.
HRA has 2,750 deductible with $5000 max OOP for $18.xx biweekly
HRA high plan has 1,750 deductible with $5000 max OOP for $61.xx biweekly
HSA is a savings plan where they match me each month up to $300 with $3000 deductible and $6,350 max OOP.
My decision is difficult because we are planning on TTC this year and I want to make sure I do the right thing!
Re: Benefits Time
Sounds like the "HRA" and the "HRA High" plans are the same. The difference is only when you pay the $1k - out of every paycheck or out of your deductible.
You'll have to consider how much you would be able to save each month in the HSA to compare it to the HRA.