It's really easy to enroll yourself and your family in a high deductible health plan (HDHP). You just have to know what kind of coverage you want your family to get from your health insurance plan and how much you're willing to pay for your deductible. HDHPs can provide major medical coverage to members of your family at a relatively low cost. With an HDHP, you can epect that your monthly payments will be lower compared to premiums of plans with low deductibles. You have the option to attach a Health Savings Account (HSA) to your high deductible health plan. With an HSA, you'll be able to save money which you can then use in case of a medical emergency. The money you put in your HSA is pre-ta money, so you can be sure that when you withdraw the fund to pay for medical epenses it won't be deducted. Your unused HSA fund is usually carried over to the following year. You should clear this up with the insurance company since not all insurers allow HSA funds to be rolled over to the net year. In choosing the high deductible health plan for your family, you can decide which deductible amount ranging from $2,200 to $11,000 you're willing to pay for. With this kind of policy, you're agreeing to pay for medical costs up to the deductible amount yourself. Only after you've reached your deductible amount will the insurance company agree to cover up to 100% of your medical epenses depending on your policy. You can talk to a local health insurance broker or to the insurance companies directly about the different kinds of high deductible health plans being offered. - July 3, 2009 @ 3:27 pm