Choosing the best healthcare plan for yourself can be quite daunting, as many factors should be considered. The HDHP vs. PPO debate continues to rage on as medical benefits continue to become more confusing. Before deciding between these health plans, take a quick look at the following factors...
Here is the HDHP vs. PPO costs breakdown… Premium Costs: Premium costs are deducted automatically from your paycheck, and you cannot use an HSA to pay for them. HDHPs are generally cheaper than PPO or HMO plans, so most employer’s will charge you less for opting for them. That is ...
It depends. HDHPs are generally great for those under 50 who have no serious documented health complications because the monthly premiums can be significantly lower than traditional HMO and PPO plans. And if you’re in good health, your out-of-pocket expenses are likely going to be low. I ...
The IRS (in coordination with the Department of Health and Human Services) quietlyprovided guidancethatHSA-eligible high deductible health plans (HDHPs) consider a number of popular medical services, medications, and devices, such as insulin, inhalers, and statins as “preventative care“. For pl...
PPO: $30 (out of pocket) HDHP: $54.07 – $54.07 (HSA contribution outlay) = $0 (out of pocket) Costs for Services/Procedures/Products: We did not have many services or procedures, outside of an annual physical (covered 100% under both plans) andflu shots(covered 100%). ...