Dr. Jeffrey Kullgren, an internal medicine physician and healthcare researcher at the University of Michigan Medical School, describes what high-deductible health plans are, and what research is showing about their impact on people covered by them. HDHPs are becoming increasingly common. While these plans are intended to encourage cost-conscious healthcare use, because patients have more financial "skin in the game", research is finding this is not always the case. For example, people with HDHPs often go without necessary care due to cost. More about Dr. Kullgren and his work to study how people who are covered by these plans use them: https://ihpi.umich.edu/our-experts/jkullgre
A Health Savings Account (HSA) is a tax-free account that can be funded by both employer and employee. Employees own the HSA and can use it for current and future medical costs. Discover what a High-Deductible Health Plan (HDHP) is and how it works with an HSA.
When it comes to choosing healthcare for you and your family, Kaiser Permanente wants to make it easy to find a plan that meets your needs. In just 2 minutes, learn how a HDHP works. For more information, visit http://www.kp.org
September 20, 2018 Speaker Jeffrey T. Kullgren, M.D., M.S., M.P.H., assistant professor, Department of Internal Medicine, University of Michigan Medical School This presentation will review challenges faced by the growing number of Americans who are enrolled in high-deductible health plans (HDHPs) and identify new opportunities to help HDHP enrollees be more discerning health care consumers.
Discover information about GEHA's HDHP (High Deductible Health Plan).
Medical plans differ in how much you pay out of your paycheck versus how much you pay at the doctor and how much freedom you have in choosing a doctor. Different types of medical plans vary in their monthly costs as well as their requirements for choosing specific doctors. An HMO, or Health Maintenance Organization, has a lower monthly premiums, but also provides a limited amount of doctors to choose from. You must designate a Primary Care Physician and receive a referral to see any other doctors or specialists. A PPO, or Preferred Provider Organization, has a higher monthly premium, but allows you greater freedom to choose your medical care provider. PPOs don’t require a primary care physician, so you can go directly to a specialist. An HDHP, or High Deductible Health Plan, offers the least expensive monthly premium, but requires you to pay all medical expenses up to a certain deductible amount. Like a PPO, HDHPs do not require a primary care physician. HDHPs are often attached to a Health Savings Account that allows you to set aside pre-tax dollars for out-of-pocket health expenses, which helps to cover the cost of a high deductible.
Open enrollment is upon us. Now is the time you can make changes to your health insurance selections through your employer. Do you pick the High Deductible Health Plan with the HSA or the PPO? What is an HSA? It's confusing. In this video I explain the differences and the top 5 questions you should be asking yourself before you pick a plan to save money and minimize your risks. Which health plan is your family going with this year? How We Stopped Living Paycheck to Paycheck https://youtu.be/HFofLtL_Dqo Dave Ramsey's Total Money Makeover http://amzn.to/2s9Gyqo ツ S U B S C R I B E (it's FREE) http://www.youtube.com/subscription_center?add_user=msdiaperd Hey there! I'm Dana. I'm a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area. Follow Me Everywhere @MsDanaRyan Need to Contact Me? MsDanaRyan@gmail.com *Please be advised that some of the links above may be affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t - no worries. We’re still buds. HUGS!