DH has a "hybrid" HSA (he's had it for years)
Copays: 0
Drugs: 0 - however sometimes we pay cash for RX and get it reimbursed due to a manufacture discount that doesn't work if we use insurance. For example, one medicine list price is about 113.00. If we use the discount card, it's only 72. Cant do the discount card and insurance, so we pay the 72 ourselves and get it reimbursed for ourselves.
The zero amount is only until all the money you have "saved" is used. This "saved" money is directly taken out of check and put in an account. After the funds you have alloted have gone, there is a percentage paid out - I think its either 80/20 or 90/10.
Certain things don't "count" towards the total in the fund and are considered preventative. physicals, OB gyn, some child well visits, flu shots--
Since you can roll over money, we've had funds in there for years. We went over our allotted money this year (first time in about 5 years) and we used some roll over funds from a carry over year.
This plan isn't for everyone. With the four of use, two use the doctor more often than the other two. I was skeptical at first but now I love it.
We also have an FSA that also reduces costs.. (we use it for the cash RX, over the counter stuff, contacts, glasses, etc.)
DH company was an early adopter of these plans. For many years, all the doctors offices couldn't believe there were no copays and would call the insurance company with me in the office. Now, I think they are more common because we haven't had issues with the specialists.
Copays: 0
Drugs: 0 - however sometimes we pay cash for RX and get it reimbursed due to a manufacture discount that doesn't work if we use insurance. For example, one medicine list price is about 113.00. If we use the discount card, it's only 72. Cant do the discount card and insurance, so we pay the 72 ourselves and get it reimbursed for ourselves.
The zero amount is only until all the money you have "saved" is used. This "saved" money is directly taken out of check and put in an account. After the funds you have alloted have gone, there is a percentage paid out - I think its either 80/20 or 90/10.
Certain things don't "count" towards the total in the fund and are considered preventative. physicals, OB gyn, some child well visits, flu shots--
Since you can roll over money, we've had funds in there for years. We went over our allotted money this year (first time in about 5 years) and we used some roll over funds from a carry over year.
This plan isn't for everyone. With the four of use, two use the doctor more often than the other two. I was skeptical at first but now I love it.
We also have an FSA that also reduces costs.. (we use it for the cash RX, over the counter stuff, contacts, glasses, etc.)
DH company was an early adopter of these plans. For many years, all the doctors offices couldn't believe there were no copays and would call the insurance company with me in the office. Now, I think they are more common because we haven't had issues with the specialists.
