(Note: A preventive visit may have an associated cost if another health issue or concern is treated at that appointment.) Preventive prescriptions have a copay, but are not subject to the deductible (see list of preventive medications below). The plan is a Blue Cross Blue Shield (BCBS) plan that offers the same qualified medical services as the MIT Traditional and Choice Health Plans, including 100% coverage of the cost of medical preventive services (see preventive services fact sheet below). It's important for you to fully understand how an HSA works before you enroll in the HDHP. If your health plan has a deductible, the coinsurance is the. You will need to manage an HSA, which you will use to pay for your qualified health care expenses. Unlike a copay, which is a flat amount, coinsurance is a percentage () of the cost of the service. The HDHP will require you to take a more active role in your health care than just paying a health plan premium. The exception is for preventive care, which is covered at 100 under most health plans when you stay in-network. The HDHP accommodates new MIT employees who have had a high deductible health plan and HSA with a previous employer. Higher deductible: If your deductible is higher it means you are required to pay for your medical care out of pocket up to that amount before your health plan begins to help pay for covered costs.Compared to the other health plans, the HDHP has a lower premium (the amount taken out of your paycheck each pay period for health insurance), a higher deductible (the amount of covered expenses that you must pay each calendar year before the health plan begins paying for services), and a tax-advantaged health savings account (HSA).The HDHP gives you more flexibility in how you pay and save for health care, while still providing comprehensive, high-quality coverage for you and your family.You may be interested in an HDHP because:
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