4 Types of Health Plans: How They Compare
High-Deductible Health Plan With or Without a Health Savings Account continued...
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.