Open Enrollment for Health Insurance

[mummy]

Another question...I am so glad I found this forum!

We have until next week to complete open enrollment for our health insurance.

We have two plans to choose from a standard that is less expensive but has higher copays and higher deductibles and out of pocket or enhanced that costs more but has lower copays and everything else.

This past year we were on the standard plan but now that we have decided to go ch. 7 or 13 should we select the enhanced plan to help our left over income numbers (and to protect us if we do a 13 since we will have no savings)?

Thanks!

[Mi Bankruptcy]

It really doesn't matter which one you buy into from a BK standpoint. You still have to count it as income. Now, the only thing it could affect would be a chapter 13 and your repayment plan. I never did a 13, so other people have to weigh in on this.

[OHBOY]

It really doesn't matter which one you buy into from a BK standpoint.

Huhhhh??? Why should premiums toward a health insurance plan be counted as 'income'.... would think that they are 'expenses'....

[woeisme]

I think Mi probably means your income is your income, regardless of how you spend it. But if you are in CH 13, it really does matter, go with the more expensive better coverage then.

[Mi Bankruptcy]

You are right they are expenses. It's difficult to tell which one is best for you because you don't know if your filing Ch7 or Ch 13. My reply was more along the lines of statement of "your left over income". Sorry to confuse you.

Personally, I would take the more expensive one. Then next year when they raise your health care plan rates you drop down to the basic and hopefully maintain the same costs with reduced health care coverage.

[Mi Bankruptcy]

I think Mi probably means your income is your income, regardless of how you spend it. But if you are in CH 13, it really does matter, go with the more expensive better coverage then.

Thanks wo.. you are right.