Overwhelmed with insurance options from employer, ELI5 please
Hello, just landed a new job and am sort of overwhelmed with the health insurance options they offer.
Background: 26M, fairly healthy (2020 no doctor appointments besides annual, 2021 no doctor appointments besides annual, 2022 quite a bit of doctor appointments due to nasal surgery), $50k salary
All three are BlueCross BlueShield of Texas and are PPO
These are the plans offered:
Bronze – $0 monthly, $6350 deductible, $6900 out of pocket – HSA eligible
Silver – $0 monthly, $5000 deductible, $5000 out of pocket – HSA eligible
Gold – $68 monthly, $1250 deductible, $5000 out of pocket
My biggest concern is figuring out which of these are the best. The second concern is if anything does go to shit and I have to go to numerous doctor appointments (even ER), which will save my ass in the long run?
I’m going to assume it’s silver vs gold so I’ll list the prices for those below:
The silver plan has the “no charge after deductible” for pretty much all things (doctor visits, tests, prescriptions, outpatient/inpatient, etc.) while the gold plan has a bunch of %s and numbers.
Gold doctor visits are $40 copay (deductible does not apply), outpatient is $250 plus 20% and inpatient is $300 plus 20%.
In the long run, which of the two will be better for me in terms of health and flexibility?
The other question is what does the HSA eligible mean? I understand that the HSA is like a savings account to pay for everything health related. Do I put the money into this account or does my employer?
Super new to the whole solo insurance thing since I just turned 26 a couple months ago.
Thanks in advance!