High-Deductible Health Plan With or Without a Health Savings Account continued...
W hat doctors you can see . This varies depending on the type of plan -- HMO, POS, or PPO
What you pay.
- Premium: An HDHP has the lowest premium compared to other plans.
- Deductible: The deductible is high – between $1,250 and $6,350 for one person or between $2,500 and $12,700 for a family. Like with HMOs and PPOs, your preventive care is free, even if you haven't met the deductible.
- Copays or coinsurance: The kind of health plan you have -- HMO, POS, or PPO -- determines which one you pay.
With an HDHP, your out-of-pocket spending is capped. For instance, if you have insurance only for yourself, the most you have to spend in a year is about $6,350, not including premiums. If your insurance plan is for your family, the most you have to pay in a year is about $12,700 without premiums. The totals include your deductible. If you reach this amount, the HDHP pays 100% of your care If you reach this amount, the HDHP pays 100% of your care.
Paperwork involved. The amount of paperwork varies, depending on whether you get care from a PPO, HMO, or POS plan. Keep all your receipts so you know when you've met your deductible.