XPost: rec.boats, sci.electronics.design, sci.electronics.basic   
   XPost: sci.electronics.repair, alt.hvac   
   From: nojunk@knology.net   
      
   On 12/12/2013 8:59 AM, amdx wrote:   
   > On 12/12/2013 6:57 AM, William Sommerwerck wrote:   
   >> "amdx"  wrote in message news:l8ahhp$eis$1@dont-email.me...   
   >>   
   >>> I don't want a Florida Health Exchange.   
   >>> How come you don't understand, I like what I have.   
   >>> I don't want to pay an additional $5,004 for something   
   >>> not as good as I have.   
   >>   
   >> I don't understand how a plan with an annual deductible of $10K is a   
   >> "good" plan, regardless of who offers it.   
   >   
   > Easy answer, because the premium is so much less.   
   > But you need to be adult enough to bank the money saved on the premium.   
   >   
   > Let's say I average $3,000 per year in medical expenses, In 3 years,   
   > I spent $9,000 from my HSA. The HSA is tax deductible, so I saved $1,800   
   > on my tax bill (just for that $9,000). This makes my real cost of   
   > medical expenses $7,200 for those three years. With this new* policy I   
   > saved $4,300 per year, that's $12,900. So in three years I save $12,900   
   > - $7,200 =   
   > $5,700. I saved $5,700 for those three years, plus I have about $9,750   
   > left in the HSA growing tax free. The $9,750 is my money not money held   
   > in the insurance companies pocket.   
   >   
   >    This only works for adults that have learned not to live paycheck to   
   > paycheck.   
   >   
   >   
   > * new policy, I changed from a $2,500 deductible to a $10,000 deductible   
   > and saved $4,300 per year. That was in 4/09. I max out my HSA this year,   
   > I put in $7,450, in January I'll put in another $7,450, I don't think   
   > they raised the cap for 2014, Darn.   
   >   I don't know what Obama will do with HSA's in the future, hope he   
   > doesn't decide to tax them.   
   >   
   >                           To each their own, Mikek   
      
      
   Hey, I realized I shorted myself on the savings, my new premium was   
   $4,300  I saved $5,600 on my new 10k deductible premium. I had my cost   
   and my savings backwards.   
   (Old policy premium $9,900--New policy premium $4,300)   
     So, for that three year scenario my savings were $9,600 not $5,700.   
      
                                             Mikek   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)