This is yet another benefit of using an HDHP plan. If you decide to go with this plan, as stated earlier, many employers will match or offer an additional contribution to your HSA. This means that you will be able to claim more free money for your medical expenses if your employer offe...
HDHP, PPO, HSA … the acronyms and the options can seem endless when you’re evaluating health insurance plans. Choosing the right plan is an important financial decision, and it’s wise to weigh the details carefully. In this post, we’ll dig into the tradeoffs associated with choosing a...
When choosing a health insurance plan, it’s essential to understand the differences between the various options available to you. PPO plans offer unique benefits and drawbacks compared to other types of health insurance, such as HMOs, EPOs, HDHPs, and POS plans. By comparing these options, y...
Point-of-Service Plan High Deductible Health Plan (HDHP) Coinsurance vs. Copays Copay vs. Deductible Preexisting Condition Paying for Preexisting Conditions Gatekeeper What Does Health Insurance Cost? Your Health Insurance Premium Understanding Deductibles Finding a Health Plan Related Te...
While PPOs have historically been employers’ go-to health insurance plans, high deductible health plans (HDHPs) have been picking up steam in recent years as a way to lower health costs for employees. In 2020, a plan qualifies as an HDHP if it has a minimum annual deductible of $1,40...
PPO (Preferred Provider Organization) insurance plans offer access to a large network of providers with negotiated rates. Learn about the advantages of a PPO plan.
High-Deductible Health Plan With or Without a Health Savings Account Similar to a catastrophic plan, you may be able to pay less for your insurance with a high-deductible health plan (HDHP). With an HDHP, you may have: One of these types of health plans: HMO, PPO, EPO, or POS ...