Therefore, if you are a healthy human being, an HDHP plan sounds better for you. A PPO plan sounds better if you have frequent doctor visits. However, we still need to compare both of these options’ costs and see which one is a better fit for modern-day employees. Let’s put every...
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 ...
Two years ago, I made the switch from a cushy PPO health insurance plan to a high deductible health plan (HDHP) which was paired with anHSAduring my employer’s open enrollment. Thecost savings of the HDHPthat I calculated at the end of year one determined the move to be a resounding...