My wife is two month pregnant and I will join Microsoft next week. Which one of the two MSFT options are best for pregnancy. Will it be treated as pre-existing condition and excluded for claim? Thanks for answering.
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- None of Microsoft’s health insurance options require employees to pay any of the premiums.
The Premera option has a deductible, then 10% coinsurance up to a limit, then everything is covered. There’s no copay.
You also get an HSA and Microsoft contributes an amount slightly less than the deductible to it.
For a single person the deductible is $1500, and the coinsurance is $1000. You get $1000 free in your HSA. So out of pocket max is $1500/yr which you can pay with pretax voluntary contributions to your HSA.
Premera doesn’t cover out of network at 100%, but I believe they do once you hit the out of pocket max.
- The only thing that I didn't catch about the HSA. Is it's proated depending on when you join. So I joined early January so I didn't get a lump sum for the first of year. The 2nd portion comes in July. The HSA takes effect a month after you join so while you still are covered you will have some bills out of pocket. They would be deductible tax wise since you can't use HSA reimbursement.Mar 130