HDHP
A high-deductible health plan is a health insurance plan with a minimum deductible of $1,100 (self-only coverage) or $2,200 (family coverage). Annual out-of-pocket costs, including deductibles and coinsurance, do not exceed $5,600 (self-only coverage) or $11,200 (family coverage). These out-of-pocket costs are indexed annually for inflation.
HAP's high-deductible health plans can be offered using our PPO and EPO products. Along with provider flexibility, our plans offer:
- First-dollar 100% preventive coverage
- Choice of three types of first dollar accounts:
- Health Reimbursement (HRA)
- Health Savings (HSA)
- Health Incentive (HIA)
- Choice of a self-funded or fully-insured program
- No PCP assignment required, but available if you want it
- Customizable deductibles, coinsurance and out-of-pocket limits
Preventive services, such as physical exams, mammograms, immunizations and well-child visits are encouraged; HAP offers first-dollar 100% coverage for these services. Employees won't have to dip into their health savings or health reimbursement accounts to pay for preventive services. Also, preventive care won't count against the deductible. Pharmacy benefits are integrated and applied with the HSA.
HAP has partnered with Mellon to offer a fully integrated HSA with a qualifying high-deductible product.
What is a Health Savings Account?
A Health Savings Account, or HSA, allows employees to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis, similar to a 401(k). HSAs are available only to those enrolled in high-deductible health plans.
HSAs offer several advantages. Unused balances in a given calendar year can accumulate and carry over into the following year. The accounts are entirely portable, which means employees retain their balance even if they change jobs or health plans.
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