My wife's employer is moving to an high deductible health plan (with an HSA) for the first time next year. In anticipation of our first child. I am trying to determine how the insurance change will impact me. Side note - in 2014 delivery was 100% covered so my luck that we move to an HDHP the year I actually am going to incur some expenses!
The baby is due in May 2015. Should I just assume that I will be paying the out of pocket max for the year? (The plan is 4K single/8K family OOP max with 10% coinsurance after a 2K single/4K family deductible)
Are there any creative strategies to consider regarding who is on the plan at the time of birth? My thought was that if I only insured my wife as a single employee (2K deductible and 4K out of pocket max) then I would max her out with the delivery costs. Then the baby would be added as a life event after the delivery, thereby reducing the chance of us making it to the 8K family max. Does that theory hold water?
Looking forward to the responses of all the financially savvy parents out there!
The baby is due in May 2015. Should I just assume that I will be paying the out of pocket max for the year? (The plan is 4K single/8K family OOP max with 10% coinsurance after a 2K single/4K family deductible)
Are there any creative strategies to consider regarding who is on the plan at the time of birth? My thought was that if I only insured my wife as a single employee (2K deductible and 4K out of pocket max) then I would max her out with the delivery costs. Then the baby would be added as a life event after the delivery, thereby reducing the chance of us making it to the 8K family max. Does that theory hold water?
Looking forward to the responses of all the financially savvy parents out there!