List of the Pros of a High Deductible Health Plan

1. The monthly premiums for a HDHP are typically lower than other insurance plans
2. Your out-of-pocket expenses do not occur at the market rate.
3. You can open a health savings account with an HDHP.
4. There is a cost advantage to consider for employers.
5. It follows the same structure that other forms of insurance offer.
6. Once the maximum is met, you do not incur additional expenses for in-network care.
7. Many of your expenses using an HDHP qualify for HSA use.
8. Anyone can contribute to your health savings account with the HDHP.
9. You can change your HDHP without losing your health savings account.

Source: Vittana
Source URL: https://vittana.org/18-pros-and-cons-of-a-high-deductible-he...

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