Frequently Asked Questions
Is a high-deductible health plan worth it?
HDHPs (deductible $1,600+ single / $3,200+ family in 2024) cost 20-40% less in premiums and qualify you for an HSA. They're best for healthy people who can self-fund the deductible. KFF reports 32% of covered workers are now in HDHPs.
How do I calculate the breakeven deductible?
Breakeven = (Premium savings × 12) ÷ (Higher deductible − Lower deductible). If a $1,000 higher deductible saves $50/month ($600/year), breakeven is at $600 of additional claims. Below that, the higher deductible wins.
Should I always choose the lowest deductible?
No. Low-deductible plans cost significantly more upfront. Most healthy adults overspend on premiums. Run the math: if you rarely hit your deductible, a higher-deductible plan saves money long-term.
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