The plan you chose this year might not be right for next year – but looking at your 2019 medical and prescription drug expenses is a good place to start. You can find your 2019 costs on the BCBS and the Express Scripts websites.
Once you know what you’ve spent in the past, think about how this year may be different. Are there expenses that you already know you’ll incur? Check the Express Scripts site to see the cost of your medications under the Advantage and the Standard Plans.
Once you’ve thought about the year ahead, consider your longer-term health care needs. Could you benefit by saving in an HSA so you can use tax-free dollars to pay for health care costs now and in the future? Remember that an HSA helps you build up savings through a triple-tax advantage – you benefit from pre-tax contributions and investments that grow tax-free, and won’t pay tax when you use your account to pay for health expenses.
Want another opinion? Talk to Ayco. They’re available to help you compare the two medical plan options so you can make the best choice for you.