How it works
A High Deductible Health Plan gives you solid healthcare coverage and greater control over healthcare spending.
It's an easy-to-understand plan design: when you have medical and prescription costs, they apply to your annual deductible. After you reach your deductible, the plan pays a percentage of your costs for both medical services and prescription drugs. Then the out-of-pocket maximum serves as a built-in cap on annual healthcare expenses; your deductible applies to the maximum.
All mention of taxes is made in reference to federal tax law. Review your state's tax laws to determine the treatment of HSA contributions and earnings.
Examples are for illustration only. The amounts will vary, depending on the plan selected and whether you have single or family coverage.
FSA, PCA, and HSA spending accounts are not insured benefits; they are a service administered by Humana Insurance Company.