The Insurance Plan That Makes You Healthier

So get this...there’s a type of insurance plan out there that may just make you a healthier person! It’s called a CDHP, and it’s an increasingly popular option.

CDHPs are Consumer-Driven Health Plans. You might have heard them called high-deductible plans, because they usually offer lower monthly premiums in exchange for higher deductibles. These plan allow you to set aside pre-tax money just for your medical expenses in a special savings account called a Health Reimbursement Account (HRA) or a Health Savings Accounts (HSA).

People like these plans for a lot of reasons (like the aforementioned tax advantages). But there may be a surprising new reason to choose a CDHP: you’ll make healthier choices, both financially and medically.

A recent study has found that consumers who choose CDHPs “are more likely than those in a traditional plan to exhibit a number of cost-conscious behaviors” and “to be engaged with their choice of health plan.” They’re also more prone to taking advantage of “various wellness programs, such as health-risk assessments and health-promotion programs.” Basically, they’re at the head of the fiscal health class!

We recommend choosing the health insurance plan that’s right for you and your family, but you may want to take these results into consideration as you do. Will putting aside money at the beginning of the year make you more likely to use it to take care of your fiscal health? If so, that’s a big win.

Read the study here.

If you want to read more news that affects YOUR fiscal health, sign up for our email newsletter!

If you could save money on your health insurance costs, would you participate more in health-risk assessments and health promotion programs?



Be the first to comment

Please check your e-mail for a link to activate your account.

connect

Sign in with Facebook, Twitter or email.