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Medical Savings Plan

Discussion in 'Business Operations' started by billyebrown, Aug 5, 2004.

  1. billyebrown

    billyebrown LawnSite Member
    Posts: 24

    I have looked into Medical Savings Plan for myself, wife and one child. Rate was less than $300 for all that I got quotes from (Humana, Anthem, Fortris I believe). This was with deductable of between $2500-$5000 then 100% coverage thereafter. Details varied plan to plan...

    Fortunately I am still employed part-time and have insurance through them. However I would seriously consider MSA if I ever go out on my own. It is not the first $2500-$5000 that scares me so much as it is the next $200k!

    It wouldn't take long to save up $5k if you are saving $600 a month in premium plus it is tax deductible as well.
  2. DanaMac

    DanaMac LawnSite Fanatic
    Posts: 13,156

    Signed up for one with Fortis over the winter. My previous insurance jumped to over $350 for 2 of us. The Fortis savings plan is $154 for 2 of us. Although I haven't put any money into the savings plan yet. Since I am fairly young (33), and healthy (sometimes I feel 20 years older) I rarely used the insurance. So I felt like I was wasting a lot of money. Now IF I get injured seriously, I pay a max of $3000 and the rest is taken care of.

    There was another thread about this a few monts ago. I'll try to find it again.
  3. DanaMac

    DanaMac LawnSite Fanatic
    Posts: 13,156

  4. Tider6972

    Tider6972 LawnSite Senior Member
    from Alabama
    Posts: 649

  5. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

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