You need to look at your choices carefully. Here are some things to think about:
- This plan has a lower premium, but it has a higher deductible.
- There are no copays. You pay the full discounted network rate for services until you meet your deductible. Discounted network rates are determined by the provider contract with the insurance carrier. The discounted network rates can differ between the network options. Discounted network rates for a specific network are the same regardless of the health plan option.
- After you meet your deductible, you will pay a portion of your costs (coinsurance) until you meet your annual out-of-pocket maximum (20% or 30% of discounted network rates, depending on your health plan option).
- You will have a health savings account. If you want, you can start adding the money you save in premiums along with any other contributions you or your employer makes to your account.
- The CDHP and PPOs have the same insurance carrier and network choices.