What are the advantages of the HDHPs with HSAs?
• • More control over medical expenses. You decide how much to put in your HSA and when to draw from the account. • Better health care consumerism. These plans raise awareness of how health care dollars are spent through direct payment for services, and promote researching options and asking questions to find the best quality services for the dollars spent. • Monthly employee premiums are less than PPO premiums. • For most associates, you dont pay high premiums for coverage you do not use. • In 2005, 58 percent of associates spent less than $1,000 in claims per patient • Another 20 percent spent less than $2,500 • Together, this means that 78 percent of our associates had claims of less than $2,500, yet paid high monthly premiums for coverage they rarely used • Tax-free savings you never lose. Any amounts left in the HSA at the end of the year are carried forward in an individual account owned by you for future medical expenses.
