High Deductible Health Plan California
High Deductible Health Plan California
High Deductible Health Plans have been around for many years now otherwise known as HDHP’s. More and more United States companies are now starting to offer their employees high deductible plans on a much more regular basis as they shift towards saving money and offering employee benefits. Industry surveys estimate that the rate of increase will be from 17% in 2012 to 19% in 2013. An increase of 2% in one year is a big jump compared to previous year’s growth in employers offering these health plans.
According to Reuters this figure could actually grow to 25% by 2014. So as you can see it is big on the agenda of employers to ensure that their workers have sufficient health coverage in place should the worst happen. The increase is seen by many to do with the Affordable Care Act.The Affordable Care Act or Obamacare, was put in place to ensure that insurers provide a better level of cover for consumers, no matter where you reside in the United States from California to New York.
The High Deductible Health Plans in California work by offering low premiums paired with high deductibles. The actual deductible is a fixed amount in dollars that is specified by the health insurance plan at the beginning. Once the deductible has been reached, then healthcare expenses will be covered by the insurance company.
In most cases with the plan the deductible must be met each year on an annual basis. If you are in the position of having a plan with a high deductible but with a low premium then you are unfortunately responsible for the majority of any healthcare costs until you meet your deductible. If you have a lot of healthcare needs this can be a rather large burden but there are other avenues to look into for managing your out-of-pocket health care costs under a HDHP.
What are your responsibilities under a High deductible health plan?
A HDHP, except under certain circumstances, will not cover certain services and prescriptions unless the deductible has been met. Certain High Deductible Health Plans do however cover you for prenatal care and certain cancer screenings. After your deductible has been met the amount of coverage included within your plan determines how much you will be reimbursed. You can though still be required to pay for services depending on how your own plan is setup such as doctor visits etc., and any out of pocket responsibilities that you may owe.
How do I get a High deductible health plan?
As the subject of High Deductible Health Plans can be a bit of a minefield it can often be prudent to get some advice. For instance, there are many health insurance specialists in California if that is where you reside. Don’t hesitate to start your search online and get some free quotes and information. It is essential you know what you are getting into though when you take out your plan.
Related post: High Deductible Health Plans in California
High Deductible Health Plans have been around for many years now otherwise known as HDHP’s. More and more United States companies are now starting to offer their employees high deductible plans on a much more regular basis as they shift towards saving money and offering employee benefits. Industry surveys estimate that the rate of increase will be from 17% in 2012 to 19% in 2013. An increase of 2% in one year is a big jump compared to previous year’s growth in employers offering these health plans.
According to Reuters this figure could actually grow to 25% by 2014. So as you can see it is big on the agenda of employers to ensure that their workers have sufficient health coverage in place should the worst happen. The increase is seen by many to do with the Affordable Care Act.The Affordable Care Act or Obamacare, was put in place to ensure that insurers provide a better level of cover for consumers, no matter where you reside in the United States from California to New York.
The High Deductible Health Plans in California work by offering low premiums paired with high deductibles. The actual deductible is a fixed amount in dollars that is specified by the health insurance plan at the beginning. Once the deductible has been reached, then healthcare expenses will be covered by the insurance company.
In most cases with the plan the deductible must be met each year on an annual basis. If you are in the position of having a plan with a high deductible but with a low premium then you are unfortunately responsible for the majority of any healthcare costs until you meet your deductible. If you have a lot of healthcare needs this can be a rather large burden but there are other avenues to look into for managing your out-of-pocket health care costs under a HDHP.
What are your responsibilities under a High deductible health plan?
A HDHP, except under certain circumstances, will not cover certain services and prescriptions unless the deductible has been met. Certain High Deductible Health Plans do however cover you for prenatal care and certain cancer screenings. After your deductible has been met the amount of coverage included within your plan determines how much you will be reimbursed. You can though still be required to pay for services depending on how your own plan is setup such as doctor visits etc., and any out of pocket responsibilities that you may owe.
How do I get a High deductible health plan?
As the subject of High Deductible Health Plans can be a bit of a minefield it can often be prudent to get some advice. For instance, there are many health insurance specialists in California if that is where you reside. Don’t hesitate to start your search online and get some free quotes and information. It is essential you know what you are getting into though when you take out your plan.
Related post: High Deductible Health Plans in California