Learn about HDHP's with ThinkHSAHDHPs must meet federal guidelines. For 2005, the deductible must be at least $1,000 for individual coverage and $2,000 for family coverage.
Those with family coverage meet a family deductible, and eligible expenses for all family members contribute to that deductible. When the family calendar-year deductible is met by any combination of family members, the insurance plan pays benefits for the entire family.
HDHPs also have maximum limits on the annual out-of-pocket amounts for covered expenses. For 2005, the maximum is $5,100 for individual coverage and $10,200 for family coverage. The amounts paid to meet the deductible are applied to the maximum out-of-pocket amounts.
ThinkHSA is dedicated to helping employers, employees, individuals and families bridle the rising costs of health care.
Contact us today and we will help you each step of the way:
* Requires an application that goes through an underwriting process, which could be declined. Do not cancel any existing health coverage until you are certain of acceptance and approval.
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ThinkHSA is not engaged in rendering legal or tax advice. If these services are required, you should seek the appropriate professionals. JD Associates is currently licensed in Indiana, Michigan and Ohio.
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