The high deductible is a wash because the pass through to the HSA and the lower premiums. Switched a few years ago wish I knew sooner. Max out of pocket is less as well. Wish I switched sooner. Maxing out the HSA is better than TSP money.
The biggest deal is #7, the HDHP + HSA + HSBA. Yes, you can only use it for health related expenses, however when you turn 65 it becomes basically another TSP type fund on the side.
In Arizona many doctors are dropping the FEP BCBS standard and Basic plans. My primary care doctor told me to seriously consider changing plans because many surgeons are also dropping them. Problem is all the other plans are not as good as BCBS use to be, and they are all 65 to 80% more expensive with less coverage.
Get that HSA money over to Schwab and invest it for retirement, max it out before you max out TSP. Don't use your HSA for paying for medical or dental expenses now. Save all your receipts (I use Google Drive) that you spend on qualified expenses and save them for when you retire. Then when you want to get that money out of the HSA you can withdraw it as long as you have the receipts that haven't been paid out of the HSA before, there is no time limit. It goes in tax free and it grows tax free and comes out tax free.
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Love your videos, meet with you earlier in the year and appreciated your insight.
The high deductible is a wash because the pass through to the HSA and the lower premiums. Switched a few years ago wish I knew sooner. Max out of pocket is less as well. Wish I switched sooner. Maxing out the HSA is better than TSP money.
Do they match HSA?
The biggest deal is #7, the HDHP + HSA + HSBA.
Yes, you can only use it for health related expenses, however when you turn 65 it becomes basically another TSP type fund on the side.
Do you contribute to an HSA above and beyond your premium or does your premium become the HSA?
The recent article in Fedsmith indicated an increase of 7.7% for Blue Cross in 2024. I thought last year was ridiculous. 😢😢
My premium will go up by $2.00.
@@Kep19901I need to evaluate my 106 plan as it is increasing by $39 😢
In Arizona many doctors are dropping the FEP BCBS standard and Basic plans. My primary care doctor told me to seriously consider changing plans because many surgeons are also dropping them. Problem is all the other plans are not as good as BCBS use to be, and they are all 65 to 80% more expensive with less coverage.
@@ohplezzfacts my G
@@ohplezzhave you found a new provider yet?
Question: I understand that FEHB will drop your coverage at age 62, without notice
How do I find out if my prescription is covered on these different plans? It is an expensive prescription and could be the deciding factor.
great video
I have geha hdhp, with an hsa, theyre giving me $1k into my hsa next year. Enrollment code is 341. Ill keep taking that free monies all day.
Get that HSA money over to Schwab and invest it for retirement, max it out before you max out TSP. Don't use your HSA for paying for medical or dental expenses now. Save all your receipts (I use Google Drive) that you spend on qualified expenses and save them for when you retire. Then when you want to get that money out of the HSA you can withdraw it as long as you have the receipts that haven't been paid out of the HSA before, there is no time limit. It goes in tax free and it grows tax free and comes out tax free.
@@lhpeterparker I know the loopholes, thank you. I did switch over.
@@Kep19901 I haven't ran into any fees and the other option Devenir had fees.
Just stick with a good ETF.
What is hsa? I have BCbs standard and I end up paying hundreds for a specialist visit … it’s crazy
Can regular federal employees that do not work for the post office use health plans such as APWU and MHBP ?
Yes. I use apwu high deductible now. I work for DOD
Quick question: If you retire with children under age 26, can you keep the family health insurance plan?
Yes, your children should be covered by FEHB until they reach age 26.
What about the post office employees
Donald hates the post office
What about em