The high cost comes with a number of advantages and disadvantages. Some of the most common ones are listed below.
As previously stated, HDHP-insured individuals pay lower monthly premiums.
If you know that the plan will only be used for preventative care rather than more complicated procedures, this could save you money.
To get the most out of your network, make sure you stay connected. otherwise, you’ll have to pay more.
An HDHP and an HSA can be used together by covered individuals.
Keep in mind that health savings accounts (HSAs) are tax-free accounts that can be used to pay for qualified medical expenses that your plan might not cover, like acupuncture and dental care.
The cash that you store into your HSA is tax-exempt and can assist with balancing the expense of your high deductible.
