Quote:
Originally Posted by sweeps
I just joined an HDHP, and this is what would happen in my case: You would pay 100%* for services until you hit your deductible. Then you would be covered 100%.
Ideally you would have funded an HSA along with the HDHP. You can tap the HSA for all the charges leading up to the deductible, but you don't have to. You can leave the money in the HSA if you prefer.
* Note that you only pay the amount that the provider has negotiated with the insurance company. So a service that might be $200 for someone without insurance might be $120 for someone with insurance.
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Yeah, that's what I love about HDHP/HSA plans. You still get the negotiated rate, and the most you'd pay is your deductible, and it's covered 100% after that. So since we have a $5000 deductible, the most we'd pay is $5000, and that comes from our tax-free HSA which we've been building up instead of paying for expensive health insurance.
The only question I'm a bit concerned about is whether or not maternity medical expenses will be counted toward my deductible. I'm still waiting to hear back from my health care provider for an answer on that one.