Texas Health Insurance

Co-Pay Versus Health Savings Accounts

Co-pay is a completely different plan from a Health Savings Account.

If fact, families who have tried the HSAs found out they don’t like paying the high cost of a doctor’s visit, so they tend to switch back to co-pay. Why co-pay? Because it means the costs are lower when they have to pay at the doctor’s office.

Here’s something else you may not realize. To have an HSA, you need a High Deductible Health Plan; translation - you pay for all your health benefits up to a certain dollar amount.

If by chance you need more money than that “certain amount,” the idea is you have it in your Health Savings Account – maybe! This isn’t a complex concept, but co-pay just seems to be more attractive because the benefits are visible right away when paying at the doctor’s office.

To learn more, visit http://www.texashealthandlife.com.