Title: Are there advantages to enrolling in a high-deductible health plan versus a traditional health plan?

Are there advantages to enrolling in a high-deductible health plan versus a traditional health plan?
Profile - Inner Elements:	Title: Content: In many cases, yes. But it depends on your expected medical expense. The most significant and potentially longest lasting benefit is the ability to participate in the Health Saving Account. With an HSA: You are vested immediately. Your money, including University contributions, is portable. It's your account and you can build it over time. There is no “use it or lose it” provision. You can invest your funds in mutual funds. Money in the account will pass on to your spouse or beneficiary. You can save money on premiums. The traditional plan also has separate out-of-pocket (OOP) maximums for medical and pharmacy. In the high deductible plans, the individual OOP max is combined for medical and pharmacy. Learn more about health saving accounts. Inner Options: Name: Value:
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Are there advantages to enrolling in a high-deductible health plan versus a traditional health plan?

Profile - Inner Elements:

Title:

Content:

In many cases, yes. But it depends on your expected medical expense. The most significant and potentially longest lasting benefit is the ability to participate in the Health Saving Account. With an HSA:

You are vested immediately.
Your money, including University contributions, is portable.
It's your account and you can build it over time.
There is no “use it or lose it” provision.
You can invest your funds in mutual funds.
Money in the account will pass on to your spouse or beneficiary.
You can save money on premiums.

The traditional plan also has separate out-of-pocket (OOP) maximums for medical and pharmacy. In the high deductible plans, the individual OOP max is combined for medical and pharmacy.

Learn more about health saving accounts.

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Value:

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