Insurance crap, x-posted to CC
Jun. 12th, 2007 05:25 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
district12ravenclawSteve and I need help making a decision, so I would really love some input from you fantastic ladies!
We are currently under a PPO, paid for entirely by Steve's work. But starting July 1st, the PPO will cost us $400 a month. We can either switch to the HMO, which would be free, or keep the PPO, and pay $400 a month for 10 months.
Here are the factors to be considered:
* I am 39w2d pregnant. Neither my current nor my former ob/gyn practices take an HMO, so I would have to see a brand new doctor for my 6-week postpartum check-up, as well as any future appointments.
* Steve has bad allergies, and sees an allergist who does not take an HMO either. He only sees him once a year, so this probably wouldn't be a substantial problem.
* Our current PCP takes the HMO, and the pediatrician we have selected also takes the HMO.
* Steve spoke to our financial advisor, and he told us that all things considered, it would pretty much be even over time, and that selecting a PPO vs. an HMO would be more of a lifestyle choice than a financial choice. His reasoning included that if we took that same $4000 and invested it, we would only be getting an interest rate of around 5%, and we would be taxed on it anyway. Based on our current income bracket, it pretty much evens out in the long run.
* Steve is also staring down the barrel of a promotion at work, and though it's not a sure thing, it would help to offset that cost.
So given this information, which would you choose? Thanks!
We are currently under a PPO, paid for entirely by Steve's work. But starting July 1st, the PPO will cost us $400 a month. We can either switch to the HMO, which would be free, or keep the PPO, and pay $400 a month for 10 months.
Here are the factors to be considered:
* I am 39w2d pregnant. Neither my current nor my former ob/gyn practices take an HMO, so I would have to see a brand new doctor for my 6-week postpartum check-up, as well as any future appointments.
* Steve has bad allergies, and sees an allergist who does not take an HMO either. He only sees him once a year, so this probably wouldn't be a substantial problem.
* Our current PCP takes the HMO, and the pediatrician we have selected also takes the HMO.
* Steve spoke to our financial advisor, and he told us that all things considered, it would pretty much be even over time, and that selecting a PPO vs. an HMO would be more of a lifestyle choice than a financial choice. His reasoning included that if we took that same $4000 and invested it, we would only be getting an interest rate of around 5%, and we would be taxed on it anyway. Based on our current income bracket, it pretty much evens out in the long run.
* Steve is also staring down the barrel of a promotion at work, and though it's not a sure thing, it would help to offset that cost.
So given this information, which would you choose? Thanks!
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Date: 2007-06-13 02:33 am (UTC)(no subject)
Date: 2007-06-13 12:59 pm (UTC)(no subject)
Date: 2007-06-13 06:19 pm (UTC)