Healthcare updates for 2015

Dad’s company has sent out details to the health plans for next year. We had to select the HRA plan this year because we were already under an FSA plan when we had to switch from my company’s benefits to his. But, this year, the HSA plan is the only option. The company contributes $2250 for a family plan and we’ll contribute the rest of the allowed maximum – one of the few things that is deductible on PA state taxes. They also lowered the employee contribution prices of their health plans. We’ll be paying $77 less per bi-weekly pay period starting in 2015 (about $166/mth).

We rarely go to the doctor except for preventative appointments (and the random blood test for medicine maintenance), so I don’t foresee that we’ll use a lot of the HSA money – but we’ll be able to keep it from year to year.

I’m also playing with our portfolio goals spreadsheet in Google Sheets – and we *might* be able to contribute a total of 75k (including company contributions and matches) in 2015. I don’t want to say for sure since I can only guesstimate our mortgage and utility payments as of now. But, I think I’m going to be shooting for a 60k contribution goal, which might change as we settle into our new house.

The last bit of good news is that Dad’s company no longer has a vesting schedule. He will be 100% vested in his 403(b) as of January 1, 2015. I still have to wait 3 years until I’m vested in my employer’s contribution, but that’s not a big deal.

Here’s to hoping that in 10 years, we’ll be financially independent!

2 thoughts on “Healthcare updates for 2015

  1. plantingourpennies

    We love the HDHP with HSA that Mr PoP has. Do you have access to a pre-tax flex account (FSA) through your job? If so, you can get the best of both worlds by paying for all of your out of pocket out of that money and still having it be pre-tax while letting the HSA money ride in a brokerage accruing to be used in retirement. That’s what we do b/c you are allowed to spend Flex $ on your spouse or kids even if they are covered under a different health plan than you are.

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    1. Mom Post author

      We do have access to an FSA through my job, but then we’d have to split our insurance – which we’ve been loathe to do so far. It’s easier for us if we have everyone on the same plan. Taking me off his HDHP, we’d also reduce the employer contribution to $1300, losing some money, and making it more expensive for us overall. But, that’s a really good idea – I had to go research to see if it would be a good option for us when you mentioned it!

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