"People cannot afford $1,600 a month [in premiums] and a $10,000 family deductible
," Cassidy said.
Members of family plans also had individual deductibles equal to half of the family deductible
. Full coverage began for individual members if they exceeded their individual deductible, or for families if combined family expenses exceeded the family deductible
For about $3,000, the employer and employee could instead choose a policy with a family deductible
of $5,150, according to the newsletter and informational Web site HSA Insider.
These are all eligible expenses but do not exceed your family deductible
so you've paid them out-of-pocket.
As a result of a collective bargaining agreement, an employer-sponsored full-reimbursement health care plan was changed to include a $1,000 per family deductible
. However, at the beginning of each plan year, employees received a cash "Health Care Bonus" equal to this amount.
The analysts divided the participants into three groups: those who have traditional low-deductible coverage, or coverage with an individual deductible under $1,250, or a family deductible
under $2,500; enrollees in high-deductible health plans (HDHPs), or those with high-deductible plans and no access to HSAs or HRAs; and members of account-based health plans, or those with high deductibles and access to HSAs or HRAs.