Insurance Options A vs B

[1eleven]

Choosing insurance Option A for my family:
14.2.3.4.6 > 24

Choosing insurance Option B for my family:
13.5 > 30

A little background:
Option A is less per month but has a high deductible. This also includes a health savings account that the company will start with a $1,000 incentive towards costs.

Option B is more per month but has no deductible. There is no $1,000 incentive or health savings account.

The company, and colleagues are mostly choosing option A to 'save money' - myself and my wife are leaning towards B since we may have another child this year. I asked these questions to clarify our choice. I'm not usually a go with the masses type of person and I believe there's a reason the company is pushing option A - I typically bet the other way but this is an important decision for the year so I want to be thorough.

Thanks for your insight.

 

[1eleven]

Any thoughts here? Only a few days left to make a decision. Thanks!

 

[pocossin]

I consider Option A to be more auspicious because I associate 14 with money and 24 with young ones, and you have one or more children already, and you are expecting another before the end of December. Congratulations! So, you must consider what is best for your family in the long run. My understanding of insurance is that they more you use it, the higher your premiums go, and there will be regular increases anyway, so you don't want to lock into a plan that may eventually exceed your ability to pay. (I withhold my rant on the inefficacy of multiple castings.)

 

[1eleven]

Thanks, Tom!