Open Enrollment Time

It is open enrollment time at my place of employment. I've been reading through the benefits package and trying to make sence it all.

There are certainly changes in the health care plans available but the one that impacts us is the spousal insurance. For the last 19 years I have carried JMM on my insurance policy at a nominal increase in the price of the policy. Now it will cost an additional $100 per pay period since he is eligible to have his own insurance at his place of employment. So I have to figure out which would be the best plan for us 1) keep him on my policy 2) each of us have a separate policy 3) move me to his policy. Time to make a spreadsheet of costs and benefits.

The deductible on my insurance drops by $500 if I do a Personal Wellness Profile and a Biometric Screening. This is height, weight, waist circumference and glucose and lipid levels. My weight is within acceptable levels as are my glucose and lipid levels. These are confidential and are not required to get insurance but as I said will drop my yearly deductible. I definitely plan to do this as it costs me nothing and will save me money.

Trying to figure out the Flexible Spending Account is always a challenge since my crystal ball is a bit murky. Have to total up 1. Prescription co-pays for a year. 2. Dental co-pays and I need one bit of dental work 3. Eye exam and new lenses for one of us. 4. Deductible. (BTW, over the counter drugs are no longer eligible for FSA reimbursement.)

Well, back to the spreadsheet and the crystal ball.

(Later)
Sticker shock!!
Health insurance for me & JMM currently $183.44 per two week pay period. New premium for the two of us: $333.76
New premium for me only: $70.27

Next step: Find out how much JMM's health insurance would cost for him alone and how much for both of us.