As with most plans which include a high deductible, SDHP Plans offer a comparatively low monthly premium, making them particularly attractive for those seeking coverage "just in case". As you are in complete control of how the SDHP allowance is spent, you are literally taking your health into your own hands. Once the funds in the SDHP are depleted, it becomes up to you to cover the rest of your expenses.
If used sparingly and managed correctly, SDHPs can be a very cost-effective option. Depending on how much healthcare you need, you can also save your allowance, such that if you receive $2000 every year and only need $1000 for health expenses, that remaining $1000 can be rolled over unto the next year's allowance, turning your $2000 into $3000. Careful budgeting can ensure that you will always have funds available, and keep out of pocket costs low.
SDHP plans are similar to PPO plans in that members have the option to seek in-network care to keep costs low. As your funds are now entirely at your own discretion, it behooves you to save at every step. Hospitalization and prescription benefits may also play a role in your decision making, as these may require deductible out-of-pocket costs. Regardless of individual product details, SDHPs as a whole provide a proactive, self-reliant option for individuals who want to take an active role in their healthcare, and their health spending.
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