Healthcare decision – how much does pregnancy/birth generally cost?

posted 3 years ago in Pregnancy
Post # 3
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

If you fund a HSA to the max and don’t use it, you can carry forward the amount forever so that is something to consider. My husband has one and we fully fund it even though I only spend about half the amount in medications so I figure the rest is around when we need it later on, even if he is in a different plan then.

Post # 4
Member
2831 posts
Sugar bee
  • Wedding: September 2014

i think it’s between $15,000 and $20,000 without insurance.

Post # 7
Member
1549 posts
Bumble bee
  • Wedding: June 2013

I’m debating the same thing. We want to start trying in january but if it takes a few months to concieve theres always the chance the birth wouldn’t be in 2014.

I figured out that due to the premium cost of a regular plan vs the high deductible plan with an hsa… its cheaper for me to get the high deductible HSA plan because i’m either paying an extra 100 dollars a month in premiums or i’m contributing 100 a month toward an HSA… And its the same plan coverage once the deductible is met and with the HSA i can keep that money if i don’t use it… but with the higher coverage plan I lose it no matter what.

Keep in mind that it might depend on your company but we can change our HSA elections as much as we want so long as we open the account during open election so i’m probably going to set it lower up front and higher it once we find out we’re pregnant.

But FSA you can only change i think once during a calendar year and if you don’t use it, you lose it.

Post # 8
Member
8592 posts
Bumble Beekeeper
  • Wedding: September 2013

I chose to not do an FSA/HSA because I couldn’t be sure what it would cost and you never know what might happen (not get pregnant, lose the pregnancy, etc).  Mine does not carry over.  I figured most likely I wouldn’t be out more than $2k or so (I have pretty good insurance), which wouldn’t be a big deal.  I’d prefer that to overestimating or potentially losing money.

I would like to add childcare to mine when the time comes but that can be added after the baby is delivered (as it is a qualifying event).

Post # 9
Member
1549 posts
Bumble bee
  • Wedding: June 2013

get a hold of your hr department to find out more information about the different coverage plans available.

A high deductible plan used to scare me too so i never got one but now realizing the difference between the two a High deductible with HSA is SOO much more cost efficient for me. An HSA carries no risk like an FSA does because you can’t lose the money like you do with an FSA. I didn’t realize that. So even if i save 100 a month pre tax into my HSA and i don’t use it… then i’m not losing anything cus i can use it next year or the year after its just a savings account that you contribute too tax free.

Post # 10
Member
1549 posts
Bumble bee
  • Wedding: June 2013

HSA is a health savings account (from the IRS) so the rules with a health saving account come from the IRS not your company or your insurance provider. An HSA always carries over – its just a savings account that the government allows you to save money pre tax in and use for qualified health expenses… Once you have a certain amount in it you can even chose to invest that money so you can earn interest on what you have in that savings. 

But an FSA or (flexible spending account) is from your company so they make the rules and they can chose whether or not you get to keep the money if you don’t use it – most don’t let you.

There is a big difference between the two and your company should be providing this information with you.

Post # 13
Member
679 posts
Busy bee
  • Wedding: June 2012

Not trying to confuse you here, but wanted to add that the IRS just announced that they are allowing up to $500 to be carried over from an FSA. (link here: http://money.cnn.com/2013/10/31/pf/flexible-spending-accounts/) However, if your company already gives you a 3 month grace period into the new year, for example, we have til March 2014 to spend our FSA because DH’s company allows it, then your company is only allowed to do one or the other, not both.

Post # 14
Member
1463 posts
Bumble bee
  • Wedding: August 2012

@MrsSaltWaterTaffy:  Mine did not carry over.  I had to figure out what my potential healthcare costs were for the upcoming year and then make a leap of faith. 

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