Health Savings Accounts vs. Co-Pay Plans
July 31, 2008 – 8:01 pmA Health Savings Account is different than having a Co-Pay plan. So different, that families who have tried using HSAs discover they don’t like paying the high costs of a doctor’s visit, and want to switch back to Co-Pay. Many people prefer the idea of a Co-Pay plan because it means their costs are lower when they make that trek to a physician.
With the HSAs the idea is to save money for medical expenses now and in the future. To have HSAs you first need a High Deductible Health Plan. That means you pay for all your health benefits up to a certain dollar amount. If you need extra money you will have it in your Health Savings Account. While not that complicated a concept, Co-Pay is more attractive because its benefits are visible immediately when you pay the bill at the doctor’s office.
To learn more, visit http://www.texashealthandlife.com.