Income & Expenses
When I switched jobs I looked at the regular health insurance where you do a copay and the insurance company covers the rest. I added up the higher monthly costs for those and the HSA (monthly cost plus the $5500 deductible.) The HSA was $1000 cheaper per year and my company puts up to $1600 into the HSA if you get a physical and do some other online activities to learn about better health.
Sounds good right? Well even after you pay the $5500 out of pocket (I saved for that) you still have to pay %20 of anything on top of that up to $12,000. What?? Yeah that is crazy. Basically I am footing most of the bill for anything and paying the insurance company monthly on top of that. I think HAS's work if you're in good health and you can accumulate money in it and invest.
Now looking at my expenses we can see the big yellow blob that was so big Excel decided not to label it. On top of my usual mandatory expenses was a large chunk of healthcare costs. Everything else was pretty much the same.
Two items continue to be over budget though. Childcare (clothes, diapers, etc.) was $200 and my wants category. I found with tiredness comes lack of energy to cook dinner after a full day of work. I find myself bringing home takeout and pizza at least once a week and buying more frozen prepared meals at the grocery store. I don't get home until 6:30 PM most work nights so I need something fast before the kids have to get ready for school and in bed. I do try to do a big meal on Sunday so I can have leftovers at least once during the week. So that helps some.
Savings & Summary
This month was a big drop in my savings rate. Most of it was planned for and I will do better healthcare planning next year knowing what I know now about my HSA. I remember my first kid was $500 dollar copay. My last kid has so far cost me $7000+. Things certainly have changed in 15 years! I am appreciative that I have a job and can afford insurance. I definitely sympathize with those who do not have any or poor health insurance. This is a system that definitely needs fixing. Either that or I am moving to Canada. :-)