According to a recent survey by consulting firm Towers Watson, 70% of large companies say they will offer employees high-deductible health insurance plans (HDHPs) by 2013.
HDHPs – as the name suggests – feature high deductibles that require consumers to shell out large sums of their own money before insurance starts to pick up the bills. Typically, these plans are paired with personal health savings accounts that allow people to pay for medical services with pretax money. Health Savings Accounts, or HSAs, are among the most common type of plan paired with HDHPs.
Read more of my article, “10 Things You Should Know About Health Savings Accounts” on WebMD.