General Discussion

Nye Bevan

(25,406 posts)

13. I crunched the numbers in Excel,

Fri Nov 14, 2014, 10:34 AM

Nov 2014

and as long as your medical bills are less than $2000 for the year, Plan B will save you money.

If your medical bills are between zero and $1500, Plan B will save you $400 (the premium difference).
If your medical bills are $1800, Plan B will save you $160.
If your medical bills are $2000, it's a wash.
If your medical bills are $2500, Plan A will save you $50.
If your medical bills are $5000, Plan A will save you $300.
If your medical bills are $10,000, Plan A will save you $1000.
If your medical bills are $12,000 or more, Plan A will save you $1600.

(all this assumes that you stay in network).

So it's pretty likely that Plan B is best for you, since you are reasonably healthy and it's probably fairly unlikely that your bills will total over $2000.

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Can you all help me compare some health insurance options? I'm ignorant. [View all] PlanetaryOrbit Nov 2014 OP

If those are your only choices go with A. boston bean Nov 2014 #1

Plan B if you are healthy, plan A if not Travis_0004 Nov 2014 #2

My health care expense this year was just a few hundred dollars. PlanetaryOrbit Nov 2014 #3

You need to find out about the network. If it is not comprehensive, then Plan A will bankrupt you. Yo_Mama Nov 2014 #15

Being in your 20s and assuming generally good health, you shouldn't need coverage for anything Nuclear Unicorn Nov 2014 #4

Oh no PlanetaryOrbit Nov 2014 #5

Fair 'nuff. My original suggestion still holds, I believe. nt Nuclear Unicorn Nov 2014 #6

The reason the out of pocket max is unlimited for out of network mythology Nov 2014 #7

Your post is one more reason for single-payer. Vinca Nov 2014 #8

You're covered for the first 80% of what Medicare allows Lurks Often Nov 2014 #9

I know that. Vinca Nov 2014 #17

I would like to point out that I'm just plain ignorant. AngryAmish Nov 2014 #10

Plan A would be my choice Lurks Often Nov 2014 #11

No, in that scenario Plan A would save $1600. Nye Bevan Nov 2014 #14

We could both be wrong Lurks Often Nov 2014 #16

I would mercuryblues Nov 2014 #12

I crunched the numbers in Excel, Nye Bevan Nov 2014 #13

But, if possible, set aside the out-of-pocket maximum, and... Barack_America Nov 2014 #18

An HSA (health savings account) is great if you have money to contribute. Nye Bevan Nov 2014 #19

Thanks! PlanetaryOrbit Nov 2014 #20