How can you offset rising premiums now and potentially in the future? One possibility may be to
get a high deductible health insurance policy which can also be set up as an HSA. The lower the monthly premium will add up to savings over time although the risk is a higher out of pocket and both inpatient and outpatient
expenses.
One of the ways to properly analyze the risk of a higher deductible is to compare the new plan to your
existing plan and ask yourself whether you would get any reimbursement with different loss scenarios. For instance, if you have a 2500.00 deductible per person plus copay percentages how much would you get in reimbursement in 5000.00 or 10,000.00 accident or surgery scenarios.
Are you taking on that much more in out of pocket exposure with the higher deductible especially if the out of pocket maximum plus the deductible winds up being very close to the same amount. Why not bet the insurance carrier you will be relatively healthly and accident free and pocket the difference. Our agency can advise on whether a straight high deductible plan is less expensive than a similar HSA high deductible policy.
Our staff will advise on how to implement a savings account where you can make pre-tax contributions into the hsa and which provider offers the best possible investments based on your risk tolerance. We also advise on the associated fees so consider us a informative full service HSA insurance agency. Additional information can be acquired by our brokers if further research is needed.
Another perspective is to keep deductibles lower by trading less office visits and generic prescription coverage if you are not regularly visiting a physician or pharmacy. Get more info or read further information by clicking on one of the links or call us toll free at 888-504-6171.
