Tonik Health On Line, For the Active 20-30 Something
PPO: Flexibility of self-managed care with regards to specialist, while maintaining relatively low premiums with options of co-pays(s)--deductible choices as the key trade-off.
HMO: Providing the lowest co-pays, low or no deductible, relatively higher premiums as the trade-off with restrictions on easy access to specialist.
HSA: The Medicare reform Act of 2003 opened the door for the new self-managed health care plan. Health Savings Accounts (HSA's) are a tax-deductible account with interest earned always remaining tax-exempt, which grows to pay for medical expenses. They were created to help give control back to the consumer and lower healthcare cost. HSA's provide a financial incentive for consumers to selecting a High Deductible Health Plan (HDHP), having lower monthly premiums than traditional plans. The HSA/HDHP combination provides consumers with tax-deductible expense, deductible contributions and a retirement account as it converts at age 65.
