Help me make financial sense of my health care options.
September 25, 2010 10:48 AM Subscribe
Help me figure out how to deal with next year's health care for me and my family of three.
posted by Obscure Reference to Work & Money (5 answers total) 1 user marked this as a favorite
My current insurance (Oxford PPO) expires at the end of this month. In addition, I will become eligible for Medicare. in a couple of months. But wait, there's more!
I need about 20K worth of dental work. I don't have insurance that will cover dental (and if I did, it appears it will have a negligible effect on the bottom line, unless you can tell me otherwise.) My wife and I are a corporation, mainly because it was the only way to get decent health insurance in the first place. (I should put "decent" in quotes.)
The tools available seem to be:
1) trying to maximize a medical tax deduction, for this and/or next year.
2) changing my health insurance to be High Deductible so that I can have a HSA with which to pay my dental bills.
These can be used together or separately. (I have ruled out dental tourism.)
What I'm asking is, are there any other things I could try? Will either 1) or 2) make a significant difference in my costs? Are there differences to consider among HSAs or are they all about the same? Are there details I should know about or strategies I need to consider? (e.g. try to have all my bills fall in the same calendar year)
My accountant forgot to call me as he'd promised because he went to a Yankee game.