If you want to lowest premium Health Savings Account (HSA) compatible medical insurance plan available in California take a look at Pacificare – UnitedHealthcare’s Signature Options 100/50 $5,000-$10,000 (HDHP.)
This plan has a very low monthly premium – but it also has a $5,000 deductible and out of pocket maximum for an employee only and a $10,000 deductible and out of pocket maxium when an employee and any dependents enroll. This is a very high amount to pay at the hospital and doctor’s office. However, combining the out-of-pocket maximum with the annual premium may well make this a good choice for those who want to minimize their monthly premium.
One giant warning about this plan: the Out-of-Network Out-of-Pocket Maximum is $20,000 for an employee only and a whopping $40,000 per calendar year for an employee with one or more dependents (i.e., spouse, child or family.)
Couple this huge financial exposure if one goes out of network with the fact that Pacificare’s PPO network is small relative to the PPO networks of Blue Cross of California or Blue Shield of California and you have a potential problem.
Still – the monthly premium is very enticing. If you would like to learn more, call the knowledgable staff at 800-746-0045.