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How would I use an hdhp ?

How would I use an hdhp ?. SHBP High Deductible Health Plans. High Deductible Health Plans. Lower premiums Higher Deductible than the HRA All first-incurred expenses are covered out-of-pocket until you reach the deductible. What are the benefits?

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How would I use an hdhp ?

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  1. How would I use an hdhp? SHBP High Deductible Health Plans

  2. High Deductible Health Plans • Lower premiums • Higher Deductible than the HRA • All first-incurred expenses are covered out-of-pocket until you reach the deductible • What are the benefits? • Lower premiums: The biggest benefit is lower premium costs, making them much more affordable on a monthly basis than traditional insurance. • Wellness benefits: The State Health HDHP offers wellness benefits that cover yearly check-ups, mammograms, and in our case—child well visits and immunizations. If you have kids, this alone could save you thousands! • Contracted rate: While you’re paying “out of pocket” for doctor’s visits, you are still paying the rate that the insurance company has negotiated with your doctor. For some procedures, this could be 70-80% less than the rate they would bill someone without insurance! • Permits an HSA: The State Health HDHP allows you to open a health savings account, where you can put away tax-advantaged money to use for your health care expenses. • Flexibility: Because you’re paying out-of-pocket for expenses, you have a lot more freedom in the type of care you choose. While it still pays to stay “in-network,” you can choose alternatives that may not have been available before.

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