Health Scare

Definitions:

• Deductible: You pay this before insurance kicks in for the year.
• Coinsurance: The percentage paid by insurance until you've hit your out of pocket maximum. Or, depending on who you ask, the percentage you pay until the out of pocket max. It's also never disclosed anywhere publicly. The defaults here are based on some options from my employer. But if that's not something all employers share then good luck figuring out what it is.
• Out of Pocket Maximum: The most you will pay for the year (not including the cost of having insurance itself).
• Annual Cost: You pay this for one year of the privilege, the security, the luxury, of having a parasitic billionaire syphoning money from you during every medical event.
• Paid by Employer: This is absolutely factored into your total compensation.
• Health Savings Account: These are tricky. The most you can contribute for yourself is $4,300 per year. It's tax free, so effectively a 10-20% discount on medical expenses, depending on your income tax rate. Assuming 20%, that's $860. But, the deductible and out of pocket max are usually higher, and the coinsurance rate is usually worse. Then again, the cost of the plan might be lower. So use your best judgement (or this tool).

Disclaimer:

This is not medical/legal/financial advice. Plus it's leaving out around 67 other details that are different for every single fucking plan.