I don't know if your employer offers Consumer Directed Health Care (CDHC), but this plan is seeing remarkable increase in enrollment every year. I would recommend taking a look at it, especially if you remain relatively healthy.
CDHC is basically a high deductible PPO (deductible ranging from 1000-3000 and increasing every year) with a Health Savings Account (HSA). Exactly for the reason that it has a high deductible, the premiums are also low. But you will be responsible for the cost up to the stated deductible amount. If you think you will not spend more than few hundred dollars every year, then I think this is a good option.
In HSA, you can accumulate up to a certain amount (several thousands) every year before tax money. You can use this money to pay your medical bills. Unspent funds get rolled over to the next year. The good thing is once the amount in your account is as much as or more than the deductible amount, you can stop putting money into the account without having to worry about how you are going to pay for any emergencies.
Last edited: 18-Oct-07 07:13 PM