It is that time of year again, open enrollment for next years medical benefits. There use to be a time that I could just leave my choices from the current year and not worry about it since the only difference from one year to the next were the premiums. This has not been the case in the past few years. Each year there have been significant changes to the medical benefit options my employer offers, this year is no different actually I think it's more confusing then ever.
Medical Benefits changes - the ones that affect the money
1. cost of monthly premiums
2. Now there is a deductible
3. There is a healthy incentive premium credit
The issue is that my husband and I work for the same company and typically he covers himself and the children and I cover myself, this way we save about a dollar a month. Now we don't know what to do. If my husband covers every one we will be paying more in premiums then if i cover myself (factoring in the premium credits) but we will have a lot less in the deductible area that we are responsible for and a smaller stop loss.
I have been thinking about this for a week and I guess I will be thinking about it for a few more days before we decide what is best.
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