What is meant by a high deductible health plan?
High Deductible Health Plans (HDHP) require a deductible to be met before coinsurance is applied. Coinsurance is when you are responsible for a specific percentage and the insurance covers a specific percentage, 80/20 for example until a maximum out of pocket amount is met and then the coinsurance would change to allow the insurance to cover 100%. Most HDHPs include lower-cost premiums and are Health savings account (HSA) eligible which, can help you pay for out-of-pocket healthcare expenses, like their your deductible and coinsurance amounts.
To review your benefit coverage, follow the steps below:
1.Once signed into MyHumana account, hover over Coverage and Spending, and click on Coverage and Benefits. (Select the tab of whichever benefit plan you are seeking information on)
2. This will provide a high level overview of your plan benefits
3. For more specifics, you can click on Coverage Details next to the Benefit Overview. This will bring you to your actual certificate of coverage.
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