Since January 2013, my employer-provided health insurance choice has been a low-premium / high deductible plan paired with contributions to a Health Savings Account.
Here is a breakdown of total health care expenses over these last 21 months:
Total premiums paid:
$267 (Breakdown A at bottom)
Total contributions to Health Savings Account:
$9900 (Breakdown B at bottom)
Total expenses paid to health care providers (this is the same thing as HSA withdrawls):
$2679 (Breakdown C at bottom)
Earnings paid on the HSA account (all tax-free):
$343
Account maintenance expenses paid:
$52 (Breakdown D at bottom)
**Breakdowns / Further Info:
A:
Premiums paid first year: $132 ($11 per month)
Premiums paid second year: $135 ($15 per month through Sept. 2014)
B:
Contributions 2013: $5400
Contributhions through Sept. 2014: $4500
C:
Expenses 2013: $1484
Expenses through Sept. 2014: $1195
D:
Service Charge Opening Account: $1
Monthly Investment Fees from May 2013 to Sept 2014: $51 ($3 per month)
Disclaimer: All the above is certified reasonably accurate by a product of the public school math system. Study your employer-provided literature very carefully. If you are reading this on an Ipad, it makes much more sense using the very best stand for cockpit or desk AVAILABLE AT:
