It's our benefit enrollment season and I'm thankful both my husband and I work for companies offer good benefit packages.
I set up a worksheet to see what is the best arrangement for us. Since both companies charge more to cover spouses who have the health insurance coverage from other source, my husband and I will use our own employer's benefits.
Yearly premium for my husband is $4,893 and he gets $3,939 credit from his employer. So, his out of pocket is $953 a year, about $40 per pay. ($80 per month because he gets paid twice a month.) We will only cover him with his plan because if he covers our daughter, our out of pocket will jump to $1,973 a year. That's $1,000 more a year.
My yearly premium covering my daughter and I is $7,239 and I get $6,582 credit from my employer. My yearly out of pocket is $656.5 for both of us. (DD & I)
All and all, medical insurance premium for three of us is $12,132. Less credit from our employers $10,522. Our out of pocket is $1,610 a year. ($134 per month) We can live with that, and I am very thankful for our employers for offering such great benefits.
I could not see my husband's other premiums (like dental and vision) because his enrollment doesn't start till next week. We need to sit down and figure out about other insurance and FSA as well.
Benefit enrollment season
October 12th, 2007 at 06:48 pm
October 12th, 2007 at 08:08 pm 1192216093
October 15th, 2007 at 05:56 pm 1192467394