With a HSA-eligible High Deductible Health Plan (HDHP), there is a minimum deductible of $1650 or $3300 (personal or family). The plan is very limited in what can be covered before the deductible is met, such as preventive care. So you may need to pay for 100% of the cost of certain care before the deductible is met.I don't understand what you're saying here. Specifically, I don't see how the non-HSA plan on considering has less variability than the HSA plan.Non-HSA versions have less variability...
Non-HSA eligible plans can cover care before a deductible is met. For example, some plans may let you see a doctor for a small co-pay around $20 or so.
For example, if I wanted to see a doctor on January 1, I might have to pay $500 for the visit on my HDHP, but only $20 on non-HDHP plan from my employer. Since my employer provides a significant HSA contribution each year, and has significantly higher premiums for the non-HDHP plan, I'm almost always better off on the HDHP plan. However, since it has a higher out of pocket maximum, there's less certainty about exactly how much I'll spend on care each year.
Different employers offer different health plans with different premiums, networks, deductibles, and out-of-pocket maximums, so it hard to provide general advice about what kind of plan is best.
Statistics: Posted by Lyrrad — Tue Oct 01, 2024 7:34 pm — Replies 7 — Views 463