If your employees were to pick their own plan, (with their own money) how many would pick yours?
High deductible health plans (HDHP's) shifts the initial cost of care to the individual through the use of deductibles. Deductibles range from $1400 (lowest single deductible) to $13,800. (largest family deductible)
Cost savings from the use of deductibles and the convenience of a traditional copay plan, a Hybrid plan allows for unlimited doctor visits with a small copay. A deductible must be paid before hospitalization and/or outpatient procedures. Some hybrid plans will incorporate deductibles into Rx plans.
Traditional copay plans incorporates cost sharing through the use of copays. Copays can range from $5 for a generic prescription drug to $1500 for hospitalization. Copay plans are generally the richest type of health plan and the most expensive.
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