HealthChoice High Deductible Plan
Based on your selection, the HealthChoice High Deductible plan might be a good option for you. This plan is a good option for employees who are looking for a qualified High Deductible Health Plan (HDPH). It's also ideal for employees who want to open a Health Savings Account (HSA).
It's important to note that both prescription and medical services must be paid in full by the member until the deductible is met. After the deductible is met, the plan works like the HealthChoice High Option plan.
|Maximum out-of-pocket costs per individual per year||$6,000|
Common traits shared by all PPO plans
- Deductible – a specified amount of money the member pays before the health plan will start to pay for medical costs and procedures.
- Coinsurance – the percentage of the cost due to the provider after insurance payment is made. Coinsurance is paid by the employee.
- In-network and out-of-network providers – using in-network providers lowers the employee’s out-of-pocket responsibility.
- Plan year maximum – the total dollar amount that a member could pay per year. After the plan year maximum is paid, the insurance plan pays 100% of additional costs.