- 1,745
The prospect is in business, sole proprietor, working with horses. 2 questions here, really. What kind of add on plan would help pay for accidents if the family raises their deductible over $6,000.
Next, should they change to an ACA based plan to save money, given the uncertain future:
Current grandfathered plan for family of 3, parents each age 35, child age 2, $769/month. Has preventive benefits built in, $2,500, I think, with deductible and max out of pocket same. No copay benefits.
Lowest HSA plan $707, but could be reduced $200/month or more depending on income.
Concerns: 1. what if 2017 income exceeds 400% of FPL, will the change have been a bad idea. 2. will they/can they take advantage of HSA in a large enough amount to lower income below 400% of FPL, if needed, to get a tax credit. 3. should they keep the grandfathered plan, since the future of ACA based plans is unknown?
The estimate given to me today would not put them any more than about $3-5,000 over, so HSA could be a tool for tax credit.
Next, should they change to an ACA based plan to save money, given the uncertain future:
Current grandfathered plan for family of 3, parents each age 35, child age 2, $769/month. Has preventive benefits built in, $2,500, I think, with deductible and max out of pocket same. No copay benefits.
Lowest HSA plan $707, but could be reduced $200/month or more depending on income.
Concerns: 1. what if 2017 income exceeds 400% of FPL, will the change have been a bad idea. 2. will they/can they take advantage of HSA in a large enough amount to lower income below 400% of FPL, if needed, to get a tax credit. 3. should they keep the grandfathered plan, since the future of ACA based plans is unknown?
The estimate given to me today would not put them any more than about $3-5,000 over, so HSA could be a tool for tax credit.