A study of more than 800,000 US families finds that high-deductible health plans significantly cut health care spending, but also prompt patients to cut back on preventive health care such as immunizations.Warren Robak
Understanding health plan design is critical to truly understanding the overall patient experience. In particular, healthcare industry leaders need to assess how broadly used high-deductible health plans affect the patient experience. High-deductible health plans (HDHPs) have become widespread ...
Higher deductible:If your deductible is higher, it means you are required to pay for your medical care out of pocket up to that amount before your health plan begins to help pay for covered costs. The exception is for preventive care, which is covered at 100% under most health plans when...
High deductible health plans with low premiums may appear desirable for individuals, but the study found that these plans may lead to significant out-of-pocket costs for patients with cancer who require unexpected healthcare services and treatment. ...
The uptake of high-deductible health plans (HDHPs) has accelerated with the state and federal health exchanges under Obamacare. The out-of-pocket costs of these plans, including premium payments, are “consuming far more of total family income than is reasonable,” says Francois de Brantes, ...
Oldham told CNBC that the embrace of high-deductible plans by employers reflects the fact that "they'd pretty much run out" of options to control health-care costs and utilization of health benefits by tweaking the design of traditional plans. ...
These plan structures offer the same basic levels of care you’ll find with other policies, but you’ll pay less each month. If you or a loved one is shopping for individual or family health insurance plans, give us a call. We’ll walk you through your options to find a plan that ...
deductible health plans, but this did not turn out to be the case," said Frank Wharam, lead author and Associate Professor of Population Medicine at the Harvard Pilgrim Health Care Institute and Harvard Medical School. Dr. Wharam adds, "HDHPs typically include features such as low or no out...
High-deductible health plans (HDHPs) are affordable health insurance plans with relatively low monthly premiums. On the downside, these plans have higher deductibles and out-of-pocket maximums. This means more healthcare expenses are paid by the individual and not the insurer. Because of this, ...
deductible health plans are suited for those who are healthy. can afford to pay more out-of-pocket, or who only need preventive care. Although the low upfront cost of these plans may be attractive, it's important to weigh out any other factors, like your medical history and the overall ...