PPO Plus HSA (H and HD) plans have lower premiums and higher deductibles than most of our PPO Plus plans. Members covered by a PPO Plus HSA plan typically contribute to a Health Savings Account (HSA).
How a PPO Plus HSA Plan Works
Members pay all medical costs out of pocket until the deductible is reached. Once the deductible is met, the member is responsible for coinsurance or copay amounts until the out-of-pocket max is reached. At that point, the plan pays for 100% of covered expenses.
Health Savings Accounts
If you have a PPO Plus HSA plan, you probably also have a health savings account (HSA) — an IRS-regulated benefit that allows members with high deductible plans to contribute pre-taxed funds to help pay for certain medical expenses.
Choosing a PPO Plus HSA Plan
If you only see doctors occasionally, and you prefer to pay less per month on premiums while paying out of pocket for visits with a pre-tax HSA, then you may be interested in a PPO Plus HSA plan.
If you visit a doctor regularly, have a major procedure coming up, take specialty medications, or tend to spend a lot of money on healthcare, you may not be interested in a PPO Plus HSA plan.