The first and foremost benefit of opting for an HDHP plan is you will pay lower monthly premiums. How much lower depends on the coverage paid by your employer. However, most plans offer significant discounts in contrast to traditional PPO and HMO plans. By opting for a lower monthly payment...
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 ...
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 ...