QHDHP, high deductible health plans or qualified, is a type of insurance plan with a deductible higher-than-average medical costs – QHDHP significantly less than traditional health plans.
What does “qualified” mean?
modes qualified health plan can be used with a health savings account (HSA) to reduce your tax liability each year
There are two main reasons why the cost QHDHP so much less ;.
- They come with deductibles higher-than-average medical. This means that you will be deducted between $ 1.200 and $ 5,000 per year if your plan is just for you covered. If two or more people are included on your plan, the deductible choices ranging from $ 2,400 $ 11,900 per year. The higher the deductible you choose, the most affordable of the plan is.
- They are “first-deductible” plans. This means that they cover your medical expenses once you have paid your deductible for the year. The exception to this rule is that they will pay 100% of your preventive care before asking you to pay toward your deductible.
Where can I get QHDHP?
QHDHP available in the private market to individuals, families and self-employed individuals who do not have access to health insurance through an employer. They are available for employers who want to provide affordable coverage options for employees as well. A health insurance agent in your local area to help you sort through the options available to you.
QHDHP Pricing varies depending on the state where you live, the insurance company and the plan deductible you choose, and what percentage of expenses your medical scheme cover after you have met the deductible.
As a health insurance agent, I have personally seen families of lower health insurance premiums by $ 200 -! $ 500 per month, which equates to between $ 2,400 and $ 6,000 savings per year
health plan package to save money
QHDHP is popular and effective solution high health insurance costs. They allow an opportunity to save a large portion of your premium you if you stay healthy during the year (rather than give to the insurance company and you continue to be healthy or not). Also, if you do need medical care, and the combination of QHDHP ASP allows you to pay for your medical expenses with pre-tax dollars.
Health savings accounts make QHDHP even more attractive
Because QHDHP are applied to health savings accounts to be used (HSA), you can reap the benefit substantial tax payments in addition to your monthly savings. Any eligible medical expenses you or your family has money can be paid with pre-tax, increase your savings each year!