Question: I’m 43, self-employed, and my family of 3 is covered by an HDHP/HSA Compatible Plan where our premium is $384/month. I would like to keep this policy in 2014, but I am reading that a typical “Bronze” Qualified Plan will cost $1000/month or more. How can I keep my current health plan and payment that I like?
Answer: Yes you can keep your HSA in 2014. No one knows what the premium of comparable coverage in Covered California will be for your family in 2014. Your scenario - $384 to $1,000 - is a 260% increase. That won’t happen. Moderate increases can be expected, but nothing like that. Besides you may qualify for a premium subsidy, and end up paying less, maybe a lot less. Covered California HSA coverage will be different - lower deductibles and higher coinsurance - but basically the same bottom line in terms actuarial value. HSA-qualified HDHPs will be available outside of Covered California as well.