Comparing Healthcare Plans

High-Deductible Health Plans

High-Deductible Health Plans (HDHPs) focus on a different variable to control costs without compromising care quality. As the name suggests, the deductible on these plans can be much higher, to the tune of thousands of dollars, then on comparable coverage from other plans. As a legislative incentive to lighten the burden of meeting that deductible, money specifically set aside for HDHP deductibles in an associated health savings account is not subject to Federal taxation. In exchange for this heavy deductible restriction, HDHPs offer lower premiums than comparable insurance from other coverage types, out-of-network care is much more likely to be covered to a greater extent, and the customer gains tax savings from money in HSA accounts.