Should I Get A High Deductible Health Plan?
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Got the tank before the and talk to geert going to jar IT. We're going to gear IT.

What's up? geert? Hey, has going what's up on IT first I want to say thank you guys um you know working through you guys of steps and working James ball um is what allowed us to get out a debt and have an emergency fun to buy the plywood and board up our house and evacuate tennesee and well.

you guys you're safe, man, are you you guys out?

Yeah, we're intendencia right now.

Good, good, good.

I still I have family out there, but you know just pray and for them .

and we all have those family members gear that just decide, no, we're onna stay so yeah we pray form, we will pray form, pray form. How can help you today .

rather yeah my question is um just thinking about future future family planning and my wife here with me and we don't have any kids yet, but um you know i'm trying to figure the health insurance thing. I've had people recommend high investable with how hy deductable plans with H S A um or you know there's stainer plans where i'm on meta share um and so what what do you guys recommend for as far as echoes?

Or there's two kind of buckets to put this in. If you and your family are relatively healthy, then the hydrogen health plan makes a lot of sense. And you get the hsc, which is one of my favorite tools out there because this triple tax advantage.

So the money goes in tax free, a gross tax free, you can withdraw tax free for medical expenses. So it's a really cool tool and like a ppo plan, might be Better if you go to the doctor a lot if there's kind of chronic health issues. And so there's kind of two buckets if you go to if you're like always going to the doctor, you might hit that out of pocket pretty fast and then it's covered.

But if you never go to the doctor, that's also a bucket where the hydrated health plan win. So really depends on you and your family situation, your health. So what would you say is the status of your family in their health?

Yeah we're both really healthy. Um we like to do check ups, you know want to twice a year but just in a couple years we want to have um one of my country we can help with that cover to that yeah now makes sense.

Well, the process is like a ppl versus the hyder's cable health plan is there's a lower deductable and there's lower out of pocket max. The cons are there's higher premiums and there's a smaller provider network. So the hybrid cable health plan wins when you look at the premiums every month, but IT does have a higher deductable.

So if you guys can save up for that out of pocket max and be prepared for that higher deductable, then I think it's going to be a win in most cases. And it's what I personally have for my family through reams is I drew the hideout cable health plan with the h. sa. I imagine john as the same.

I don't know what we do. And outside you, if I was back running back again, having little babies, i'm too old that now have a babies and I knew, like you, i'm going to plan for two years from now or three years from now. My intention would be to go into that three years out and save up money and go to the hospital and say, what is the cash pay for baby? It'll give you an all inclusive cost.

Now if you have an emergency c section like that, of course it's onna be extra. But often they will almost always they'll give you a cash option to coming up. A baby is inclusive of the before and some of the limited aftercare. So I would have that conversation but you might be used five thousand box or seven thousand box since like alright, we get three years to save up for that. Let's head on down that road right?

And as far like a high deductable plan um with the h singles um that high deductable the like we'd save up for that. And would that be part of the emergency? Funny that something to save up for separately.

I think it's fine to have in the emergency fn the chances of like the h fact went out, plus the reducable and all these things happening once is very slim. But let's say that reducable is seven thousand dollars for the family. I would make sure to have at least seven grand. And when you have you three to six months expenses saved up, that's likely going to be be fifty or twenty grain. So you'll be planning .

in the clear as far as that goes. Yeah in. And that we boys done is hold the deductable as a part of the emergency fun. There was an on top of the emergency fun .

and plus of the hsc, a cover medical expenses as you begin contributing to that.

And so if you if you can say, get lucky, if you can go a month a year and not have to touch that, you just say that becomes a really because you can invest one derful .

cause beyon floor and then becomes like a retirement account. Pretty good.

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