Alex A
@BenefitsWAlex · 4:57
High Deductible Health Plan AKA (HDHP)
Now these plans can be confusing if you don't know how to use them and you don't know exactly how to use it. High high high high high high high Deductible Health Plan aka HDHP way that I could put it, is mainly for the budgeter
Alex A
@BenefitsWAlex · 4:38
Anytime you see these plans, do not look at the premium deduction because that is what is tempting about these plans. A lot of times you'll have individual coverage for high deductible health plan aka HDHP, $29 a paycheck. That is not bad, especially with these times where things are expensive, inflation is at its all time high and you want coverage
So basically I didn't want their health plan anymore because obviously I'm not with an employer. It's not that cheap. So I ended up canceling the insurance, the health insurance and keeping the health savings account, which just drained over time because the fees on it were like $3 a month. It's supposed to be in the stock market, but the fees are $3 a month. It might have been more than that
Alex A
@BenefitsWAlex · 4:59
They either were partners something because insurance companies ended up making more money after the healthcare reform act due to everything that was in the healthcare reform act itself. They could have just created a policy where they would have had and health insurance companies can't deny a person coverage for preexisting conditions. That's it. They could have just added that and left everything else the same