High Deductible Health Plan vs PPO (HSA Explained)

Open enrollment is upon us. Now is the time you can make changes to your health insurance selections through your employer. Do you pick the High Deductible Health Plan with the HSA or the PPO? What is an HSA? It's confusing. In this video I explain the differences and the top 5 questions you should be asking yourself before you pick a plan to save money and minimize your risks. Which health plan is your family going with this year?

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Hey there! I'm Dana. I'm a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

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[christinamelara]

My PPO saved my life. After a TBI i was able to see a huge variety of doctors without the hassle of referrals or the tons of paperwork. N my experience, a PPO is worth the money because we cannot plan the “freak” major health events. Good luck and god bless

[glovalova]

An important thing to remember is that all well visits for babies and kids and all annual physical exams (gyn and primary care) are covered under any plan that satisfies the affordable care act with no copays, regardless of the health plan. So if your family is healthy and going for scheduled well visits, those would be free whatever plan you choose.

[deltaflute]

very timely as I'm going into a job interview

[scootmcgoot]

I have cigna, its only option i have through work. Its sucks a fat one! My premium monthly is same as my damn house note, not to mention a $4000 deductible! Its expensive and worthless! What i want to know is WTF happened to healthcare? Im one surgery away from damn bankruptcy and im pissed as hell

[inesdahne-steubersyoutubec]

Thanks for sharing this great overview!

[moonstone]

I wish we had the choice of affordable insurance. If we were to have it the cost would be more than our monthly rent. Thank you for sharing. Sounds good

[JAS]

So, if you want to save money, go with HSA, If you visit the doctors 3x every 2 months, or your kids are active and might break a bone playing sports, go with PPO? Did i get that right?

[JeremyGalloway]

$1, 000 or $3, 000 is a high deductible? In my state pretty much every “insurance plan” has a deductible of $6, 000 or $7, 000...

[Anna-vmsf]

Thank you so much. It was very helpful information.

[iviaverick]

My company's HSA plan has a $3k family deductible and $9k out of pocket maximum. The PPO plan has a $2100 family deductible and $9900 out of pocket maximum and costs 3x as much per month... Why in the hell would I choose a PPO plan over an HSA in that case?

[ktfo]

You're awesome. Thank you so much for that explanation.

[michellevelas]

Thanks Dana going Gorgeous the higher premium plan verse the lower PPO plan with Higher Deductible...Thank You for explaining it .

[SarahtheDietitian]

Dana, which one did you end up going with? I really want to make the leap to an HSA, but my husband and son have endocrinology appointments 3-4x/year and that scares him.

[hh]

Very informative video, thank you for the tips!

[lotusgrl]

When did this b.s of high deductible come about? I feel it was way before ACA passed. But seriously, who in their right minds, thinks treating healthcare like we treat a car insurance deductible or home is a good idea..? The only way its beneficial is if you reach it in the first how often does that really happen??

[DakotahMiskus]

I have a PPO plans and still have a $1500 deductible!

[jaredphelps]

Best plan for single no kids healthty male?
Core ppo or hsa high deductible

[mattysee]

So high deductible is for suckered, and its terrible if you actually need your insurance. My company just got bought out and I have to go to high deductible from ppo

[SamianHQuazi]

Dana, wouldn't having a baby be considered a major life event that would allow you to make changes to your benefits, thereby you being able to switch from the HDHP to the PPO?

[blciffa]

Is an HSA only through your employer or is there another way to get an HSA?