Googlers, which health insurance did you choose?
I just joined Google and trying to choose between the high deductible gHIP plan (with $1000 HSA contribution from Google and $0 premium for individuals) and the PPO plan (much lower deductible but ~$50 premium per paycheck). I have weekly therapy plus regular check ups due to a chronic condition, so trying to figure out which may be better TC: 255K Yoe: 3
Normally I'd say PPO but with the 1k HSA contribution with the basic plan, it makes up the difference between the deductibles - for the basic the deductible is $1400 and the PPO is $400
HSA so I can invest it and own it forever instead of let money burn away for care I may never need, Im comfortable with the risk of a higher deductible at this time in my life
If you are young and donโt have chronic health issues, HSA is pretty nice. You max it up and invest on s&p500. Otherwise PPO might be better
PPO will give you flexibility for choosing your providers
gHIP makes the most sense for 90% of people, I'd say go for PPO only it you see yourself getting healthcare frequently throughout the year
Since you already have some idea of your providers, Do the math and then decide what is worth for you. It works better if you can anticipate your health care. I prefer investing hsa and pay out of pocket because I have a job and can afford to do so. It helps me save for healthcare when I wonโt have a job.
The myevive thing does a decent job breaking things down given your actual situation if you give it data. I was able to get into it before joining
This is super helpful thanks!
is that $1K HSA contribution per month?
No once in the beginning of the year
I recently moved to G from FB where I was on an EPO, I chose gHIP at G b/c numbers worked out better due to hsa and high paycheck deduction for PPO. I will say I'm slightly bitter, healthcare options are substantially better at FB.
For weekly therapy, can you use lyra? This should cover half your sessions at no cost/deductible/copay
Got it. What is healthcare like at fb? And what is Lyra?
Do PPO. Do not skimp on health care
Do not tell people what to do with their own health care