How To Select Best Employer Sponsored Heath Insurance Plan For 2021

[wpollock]

Because my wife and I are thankfully healthy and only typically visit our primary doctors for annual wellness exams which are 100% covered and take few prescription drugs, we normally opt for a higher deductible/lower premium plan with an HSA. However, I will in all probability have major surgery on my hip in 2021 and would like to ask how I should compare our 2021 plan choices to select the best one from a perspective of total out of pocket expense we will have to pay. We have three choices that offer a HSA as follows:

Annual   Premium       Rewards*     Cost of Coverage     Annual In-Network Deductible**

Plan 1    7181.08         1200.00           5981.08                     1400.00/2800.00

Plan 2    5281.84         1200.00           4081.84                     2800.00/5600.00

Plan 3    4169.26         1200.00           2969.26                     3300.00/6600.00


* Incentive rewards are a premium credit for meeting certain biometric screening values and lifestyle goals such as tobacco free etc..

** Individual/Family

Thanks for any feedback,

[somarco]

@wpollock look at your max OOP vs premium and go with the one that offers the best value. Don't drain funds from your HSA unless absolutely necessary

[GailL1]

How does your HSA look going into 2021?  Enough there to cover a good portion if not all of your OOP for the operation?  Isn't that the HSA function?