Reply to Thread

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

Message: <blockquote data-quote="inactive" data-source="post: 1331988" data-attributes="member: 7488">I have a high deductible plan, and like it fairly well.  You have (surprise!) a high deductible, usually around 2500 or 5000 bucks before they pay anything.  They they cover at 80/20 in network until you reach the out of pocket max for the year (i.e 5,000 or 8,000 including what you paid of your deductible).  Then they pay 100% until the next year, when it resets.  So it functions similar to a PPO but you are out more money before it starts kicking in.The advantages are the premiums are usually very reasonable compared to an HMO and PPO, and you qualify for a Health Savings Account (a PPO does not) which is income-tax free money so long as it is spent on qualified expenses (it is better than a Flex account as you can carry over balances from year to year, and it makes some pathetic interest <img src="/images/smilies/smile.png"  class="smilie" loading="lazy" alt=":)" title="Smile    :)" data-shortname=":)" /> ).  Also, when paying the expenses before you meet your deductible, you get the negotiated insurance rate, which helps.I have a plan through United provided by my employer, and while I won't rave about them I can't complain either.  They have handled things well enough.   Not sure who else offers them but I bet you can find some.  I think Blue Cross offers them to the public, but am not certain.When we dropped the HMO and went to this, the families complained as they are out more money on doctor's visits, routine prescriptions, etc.. (though the premiums are like less than half of the HMO).  The younger single folk love it, as we called it "hit by bus insurance."  It's good just in case of that catastrophic windfall event, but not so much if you have regular moderate expenses.</blockquote>

Verification