Open Enrollment Time!
Greetings!
It’s that time of year again. Open Enrollment. I dread it because it means lots of changes to insurance. Make sure you gear up and make some time in your schedule to attend an Open Enrollment session by your HR department. It could save you a lot of money.
This year, I got a lovely canned email from the CEO telling me that he’s in the High Deductible Plan and that new for 2008, our company will double its contribution to your the Health Savings Account. Fab. What’s the incentive? Who cares? Well along with those changes, I will now have to pay more for my PPO plan.
I’m seriously considering the change since I didn’t have much medical stuff happen to me this year. However, I do want to wait until I run the numbers and see what this is really going to cost me. There are some other benefits like more generic drugs in the formulary will be cheaper in the High Deductible Plan, which is good. I paid a lot for Augmentin in 2006. It was going to $70 bucks because I forgot my prescription card. When I went back with it, instead of being $5, it was a $15 prescription. So I presume if I need heavy antibiotics again, I’d be paying $5 for the Augmentin under the high deductible plan. Of course, I would hate to be sick again. (Whimpering in pain. If that is what Lyme disease is like, NO THANK YOU.)
Yeah, if you’ve ever wondered why I don’t write about HSA’s, it’s because I don’t have one. I use a FSA instead.
Tomorrow: 401k Plan Changes!
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