Reported about 1 month ago
During open enrollment, individuals face the choice between an indemnity plan and a high-deductible health plan (HDHP). An indemnity plan compensates for a set amount for medical services while requiring the insured to cover additional costs, while HDHPs feature lower premiums but higher out-of-pocket costs before coverage begins. HDHPs can be paired with Health Savings Accounts (HSAs), which allow tax-free savings for health expenses. Experts suggest choosing a plan based on current health needs rather than future expectations.
Source: YAHOO