The Basics of HDHPs

Enrolling in your employer’s company-sponsored, high deductible health plan (HDHP) means lower premiums and the ability to use pre-tax dollars to pay for out-of-pocket costs. But these perks come at a cost—enrolling in an HDHP also brings a higher deductible and added out-of-pocket costs.

If you’re thinking of enrolling in an HDHP, consider the following:

• Once your deductible is met, medical costs are covered at 100%.
• You can save for future medical expenses when paired with an HSA.
• You control and manage your health care expenses.

An HDHP is not the ideal health coverage plan for everyone, but it can be a great way for some people to avoid paying for unnecessary coverage. Talk with your HR representative to learn more about your available health insurance plans.