The CDHP/HSA is a Consumer-driven health plan (CDHP) with a health savings account (HSA). It uses the same provider networks and discounted rates as the PPOs.
You control and manage more of your healthcare dollars. It has a higher deductible and lower monthly premiums. Instead of copays, you pay the full, discounted medical or prescription drug cost for any claims that you will have until you reach your deductible. You pay coinsurance after you meet your deductible until you reach your maximum out of pocket. Then you are covered at 100 percent.
To go with your CDHP, you also have a health savings account (HSA), a tax-free savings account that you can use to pay for your deductible and coinsurance expenses.
For state and higher education employees: If you enroll in the CDHP, the state will put money into your HSA in 2021: $250/individual-only coverage; $500/family coverage. If your coverage effective date is on or after September 2, the state contribution is not available. If you stay enrolled in the CDHP in 2022, then the state will add the seed funds to your HSA in early January 2022. Additionally, anyone whose coverage level changes from single to family on or after September 2 through December 31 of the plan year will not be provided with an additional $250 in seed funds.