Similar to a PPO, a HDHP allows members to choose coverage in or out of a network. Of course, sticking with in-network doctors will result in a significant savings. And while it might be frightening to think of having to meet a deductible before receiving treatment, there is usually a cap on the total amount that you'll pay out for the year. For individuals the cap is $5,250, while families won't have to pay more than $10,500 a year.
The advantages of a HDHP are many, especially if you're an individual seeking an affordable medical plan. The PPO "feel" allows you to change providers at will, and as it is a required complement to the Health Savings Account, you'll know that you are taking charge of your own medical costs. Like an HMO plan, physical exams, mammograms, immunizations and well-visits are usually covered 100%.
Finally, a high-deductible health plan doesn't only work alongside a Health Savings Account, but can be combined with a Health Incentive policy or a Health Reimbursement Account. It can also hold its own as a stand-alone policy.
Learn how much you can save with an HDHP Plan today!
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