discount health plan card vs health Insurance?

2 Comments

1. WSI says:

   June 15, 2009 at 5:45 am

   My understanding is that with a discount card, you pay a monthly fee, and then get your medical expenses at a group rate that you pay out-of-pocket each time. The problem with this is that generally there is no cap on what you will pay in a year. If you get in an accident, you could still have substantial medical expenses.

   There are many different health insurance plans out there so you cannot make a blank comparison between the two. If you want lower premiums, but still want coverage in case of an accident, I would consider a high deductible health plan (HDHP) and accompanying health savings account (HSA). You will have lower premiums than with traditional health insurance (what I assume you have now), but you will only be responsible for paying up to the deductible each year. After you pay the deductible, the insurance will pay 100% after that.

   To help you save for the medical expenses that you will encounter you are allowed to open a tax-free HSA account, that will allow you to use pre-tax dollars to save for medical expenses until age 65. After age 65, you can use the money tax-free for whatever you want.

   Check out this page for info on how these plans work:
   http://www.hsasale.com/index.php?pr=HSA_Information

   Or this page to get a free quote:
   http://www.hsasale.com/index.php?pr=Free_HSA_Quote
2. mary h says:

   June 15, 2009 at 5:45 am

   if you want life security you have to check more info
   http://www.freewebs.com/getinsurance