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Consumer Driven Health Plans [ CDHP ] CDHP ( http://www.healthinsurancedepth.com ) is all about transferring the reins of health-care costs to the participating individual, thereby making him an active and informed decision maker for his/her heath-care needs. Consumer-directed health plans (CDHPs) are typically a combination of a high-deductible medical insurance plan coupled with an employer sponsored reimbursement account (HRA) or a health care savings (HSA) plan that consumers access to pay for eligible medical care expenses. Unutilized funds may be carried over for health care expenses for future years, encouraging the participants to use the accumulated asset in a wise manner. The plans would also include coverage for any preventive care services such as annual health-checkups, immunizations and childcare. The money from the savings plan can also be used for tax-free reimbursement of post-retirement insurance premiums. In the HRA version of the plan, the employer sets aside a pre-defined set of dollars for usage by the employee. The HRA plan is not transferable between employers. When the amount is exhausted, there is some out-of-pocket expenditure incurred by the participant. Employers are now able to control the health-care costs, and the member is encouraged to wisely utilize the money using the annual rollover feature to save for possible major future expenses. « Previous Page « » Discuss it » Continue Reading »
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