High-Deductible Health Plans Pros and ConsPros
Cons
When choosing between a high-deductible health plan and a more traditional one, consider your anticipated health needs. Are you likely to require medical care above and beyond preventive? If so, an HDHP plan with a lower monthly premium may not necessarily be an advantage—a more traditional plan with a higher premium and lower deductible might offer you improved cost savings. Show
How to Choose an Insurance Plan That’s Right for YouConsider the following when choosing a health plan:
Carefully weighing the pros and cons of high-deductible health insurance may help you find the coverage that’s right for you. In addition to saving you money, finding the right plan for you can help ensure that you’ll receive coverage for the health care you need, when you need it. Frequently Asked Questions for High Deductible Health Plans, Health Savings Accounts, and Health Reimbursement ArrangementsThank your for your interest in learning more about High Deductible Health Plans (HDHP) with a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA). Each health plan has unique features. For complete details refer to the individual plan brochure, available on the Federal Employees Health Benefits Program (FEHB) website. For a quick comparison chart showing the differences between an HSA, an HRA, and a Health Care Flexible Spending Account (HCFSA), use the Comparison Chart for HSA, HRA and HCFSA . To view all plans available in your area, use the OPM Tool to Compare Plans by ZIP Code High Deductible Health Plans (HDHP)
HDHP: Obtaining InformationHealth Savings Accounts (HSA): The Basics
Back to Top HSA: Contributions
HSA: Coverage
HSA: Eligibility
HSA: Withdrawal
Back to Top HSA: IRS Tax Questions
Health Reimbursement Arrangements (HRA): The Basics
HRA: Contributions
Limited Expense Health Care Flexible Spending Accounts (LEX HCFSA)
HRA: Coverage
HRA: Eligibility
HRA: Withdrawal
Back to Top HRA: IRS Tax Questions
Questions relating to HDHPs, HSA, HRA and Health Care Flexible Spending Account (HCFSA)
Questions Relating to Retirees and Military VeteransRetiree and Early Retiree
Military Veteran
Back to Top What type of plan is HDHP?A High Deductible Health Plan (HDHP) is a health plan product that combines a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA), traditional medical coverage and a tax-advantaged way to help save for future medical expenses while providing flexibility and discretion over how you use your health ...
Is PPO the same as HDHP?With an HDHP, you will pay less money each month for premiums, but you will pay more out-of-pocket for medical expenses before your insurance begins to pay for care. A preferred provider organization plan comes with lower deductibles but higher premiums each month.
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