Since I just got a new job that has a company HSA (Jumping for Joy!), I thought I would take the time to show you how cool they are, and how much it’s made a difference to my bottom line.
Here it goes:
| Deductions per year |
You Pay per deduction |
Employer Pays per deduction |
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| Medical |  |
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| Anthem Blue Cross And Blue Shield: Lumenos High Deductible HSA Opt5 Coverage: Yourself and Your Spouse. Coverage effective beginning 11/01/2009 Family members covered: The BF |
24x | $70.36 ($1,688.76 per year) |
$211.10 ($5,066.40 per year) |
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| Dental | |
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| Guardian Life Ins Co Of America: Guardian Dental Coverage: Yourself and Your Spouse. Coverage effective beginning 11/01/2009 Family members covered: The BF |
24x | $10.00 ($240.00 per year) |
$10.74 ($257.76 per year) |
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| Life | |
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The Hartford: Supplemental Life and AD&D
Coverage: $150,000.00 (+ $350,000.00 contingent on insurance company’s approval). Coverage effective beginning 11/01/2009
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24x | $25.00 ($600.00 per year) |
$0.00 ($0.00 per year) |
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| Spouse Life | |
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| The Hartford: Spouse Life Coverage: $75,000.00 (+ $175,000.00 contingent on insurance company’s approval). Coverage effective beginning 11/01/2009 Family members covered: The BF |
24x | $8.75 ($210.00 per year) |
$0.00 ($0.00 per year) |
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| STD | |
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| The Hartford: Short Term Disability Coverage: 60.0% of salary to a maximum of $1,000.00 per week. Coverage effective beginning 11/01/2009 |
24x | $0.00 ($0.00 per year) |
$8.31 ($199.44 per year) |
Yeah, Medical and Dental for the 2 of us is $160/month. What we had before was $329 a month with no dental and the equivalent of a $10,000 deductable for two. Now its a $4000 deductable for two. And they give us $2400 per year into our HSA account.
Assuming we get approved for the increased amount, Life Insurance is an additional $68 per month, which includes $500K more for me and $250K more for the BF. This will meet my 2009 goal of 1M in Life Insurance and move his up to $750K. Neither of us are up for a physical this year, and the fact that he could get life insurance at my younger age bracket sort of made it a no brainer.
I will also be having a 4% 401K contribution with a 100% match by my employer. This will increase once I reach baby step #4, but until then, I’m only doing enough to get the maximum match.
That’s it for me…. definately lots of deductions, but all worthwhile given the great HSA benefits and the fact that I can cover the BF as a “domestic partner.” We’ve never felt so lucky to be “domestic partners.”