Benefit Plan Designers, LLC

One of the most important concepts is understanding what a deductible actually is versus what you pay even after it. Your deductible is the amount you pay out-of-pocket before most insurance coverage kicks in. But many people miss that even after meeting the deductible, you may still have copays, coinsurance, and out-of-pocket maximums. The deductible is just one piece of the total cost structure—not the finish line.

Reminder: HSAs offer a unique triple tax advantage: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified expenses.

Use Summer for a Coverage Checkup: Mid-year is a great time to review your health insurance plan—before medical needs or emergencies force decisions. Make sure your coverage still fits your situation.