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There are many disadvantages of choosing a health plan with a high deductible. Although the premium is lower, the out-of-pocket expense for doctor's visits are more expensive. Therefore, people may choose to forgo important medical attention for minor issues, which can ultimately lead to a more dangerous ailment.

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Q: What are the disadvantages of choosing a health plan with a high deductible?
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Where can one find a high deductible health insurance plan?

There are a number of places where one could find a high deductible health insurance plan. Some businesses that offer high deductible health insurance plans include Aetna and United Healthcare.


High deductible health plans?

A high-deductible health plan contains certain minimum dollar limits on the annual deductible and maximum limits on the out-of-pocket expenses listed under the plan. An individual health care plan would be considered high-deductible if it has an annual deductible of at least $1,200. A plan for family coverage is considered high-deductible if it has an annual deductible of $2,400. Out-of-pocket expenses for 2011 may not exceed $5,950 for individual coverage and $11,900 for family coverage. Out of pocket expenses include deductibles, co-payments, etc. www.bankofkc.com /personal/hsa-faq.aspx


Where can one find information on high deductible health plans?

When searcing for high deductible health plans, one could ask for recommendations from family, friends, and neighbors. Also doing research on line comparing prices with well know companies is benficial.


What does hdhp mean?

It could stand for "Hippie Dan's Hewlett Packard. But, since this question is in the insurance section of Answers.com, you are probably looking for "high deductible health policy" A high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. Participating in a "qualified" HDHP is a requirement for health savings accounts and other tax-advantaged programs. High-deductible health plan - Wikipedia, the free encyclopedia (21 December 2009) http:/enzperiodzwikipediazperiodzorg/wiki/Highzhyphenzdeductible_health_plan http:/snipurlzperiodzcom/tsjnn


What is the most common deductible for a health plan inbusiness today?

I think $500 is pretty common. Some plans have no deductibles. High-deductible plans can run into the thousands.


What does HDHI stand for on a credit report?

What does HDHI stand for on Credit Report


What are my options for Low Deductible Insurance?

A low deductible insurance policy simply means that, a low deductible, possibly $200 as compared to $2,000 which would be a high deductible. Often you are also given the option of choosing 80, 90 or 100% co-insurance. Co-insurance is the amount that the insurance company pays (after deductible) up to whatever is the maximum out of pocket amount.


How does someone become eligible for an HSA in the United States?

In order to qualify for a HSA in the United States, a person interesting must be a part of a health plan with a high deductible, which is health insurance coverage that does not cover members until they meet their costly deductible.


What is a high deductible health insurance policy?

High deductible health plans are part of a trend toward "consumer driven health care", which emphasizes more custom-built policies and flexibility in health care financing. A high deductible health insurance policy is one in which the individual or family deductible (depending upon the nature of the policy) is, generically, substantially higher than in the typical health insurance policy. The "deductible" is the amount of money that the insured has to pay from his/her own funds before the insurer's obligation to pay is triggered. In such a policy, it is not unusual to see a deductible of several thousand dollars. This sort of policy is often paired with a health savings account (HSA), An HSA permits the participant to set aside a stated amount of money per year, up to a statutory maximum to be used toward health care expenses (such as meeting the deductible and co-payments of the insurance policy). The funds that are set aside get tax advantaged treatment. If all are not used for approved medical purposes during the year, the remaining funds can be carried over and used in future years when expenses may be higher.


Who is eligible for a high deductible health plan?

A person is not eligible for an HSA if he or she is covered under a health plan that is not a high-deductible plan. A person remains eligible for an HSA if, in addition to the high-deductible health plan, the type of additional coverage is for:accidentsdisabilitydental carevision carelong-term careinsurance for a specified disease or illnessinsurance that pays a fixed amount per day (or other period) of hospitalizationinsurance under which the majority of coverage relates to liabilities from workers' compensation laws, torts, or ownership or use of property (such as auto insurance)bankofkc.com/personal/hsa-faq.aspx


What Health plans are available in Mesa County CO?

There are many health plans available in colorado, including PPOs, HSAs and High Deductible Plans. Depending on your health history you can, you may qualify for preferred ratings.


What are the rules and requirements of starting a Health Savings Account?

Health Savings Accounts can be opened to United States tax payers. They must also be enrolled in a high-deductible health plan. These accounts are part of a more consumer-driven health care system.