A Brief History of High Deductible Health Plans (HDHP) Americans started witnessing a remarkable increase in the cost of healthcare since 2000. A report published in 2009 pointed towards an astonishing 135 percent increase in family premiums and 105 percent for individuals over the past decade. Between 2009 and 2013, the premium for both individual […]
Tag: high deductible health plans
Health Insurance Deductibles & Lower Premiums
Health insurance deductibles can play an important role in determining the health insurance premium, and at times, reducing it. A health insurance deductible is the amount that you need to pay out of your pocket before the insurance company starts paying under the insurance policy. It means you need to have available funds to pay […]
All You Need to Know About Health Savings Account
What is a Health Savings Account (HSA)? A Health Savings Account is an account with tax advantages for individuals who are covered under health insurance plans with high deductibles. It helps people save for qualified medical expenses, which are over and above the coverage limit of a health plan or are excluded from it. The […]
