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In the United States, a high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is intended to incentivize consumer-driven healthcare. Being covered by an HDHP is also a requirement for having a health savings account. [1]
The company currently offers traditional fee-for-service medical plan options with a preferred provider organization (PPO) along with a high deductible health plan (HDHP) that can be paired with a health savings account (HSA). On the dental side, GEHA offers two options under the Connection Dental Federal FEDVIP plan.
Generally, employees enrolled in HDHP plans through their employers will be offered the chance to open and contribute to an HSA. Once the HSA is opened, your contributions will be made via your ...
By 2007, an estimated 3.8 million U.S. workers, about 5% of the covered workforce, were enrolled in consumer-driven plans. About 10% of firms offered such plans to their workers, according to a study by the Kaiser Family Foundation. [6] In 2010, 13% of consumers in employee-sponsored health insurance programs had consumer-driven health plans. [7]
Cigna recommends this plan for people who prefer low premiums, low copays, and basic coverage. Cigna Secure Rx has no deductible for drugs ranked at tiers 1, 2, and 6.
The DOJ in 2017 successfully stopped Anthem, now Elevance Health, from buying Cigna for $54 billion, and thwarted Aetna's plan to purchase rival Humana for $34 billion. Here's a look at what ...
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