Question

How did you use your research to expand your knowledge base on a high deductible health plan? Explain in 1 paragraph

Answer 1

HIGH DEDUCTIBLE HEALTH PLAN (HDHP):-
- It is a health insurance plan with lower premiums and higher deductible than a traditional health plan.

RESEARCH BASED HDHP:-
- Research shows that if HDHP were allowed to include deductible exempt coverage for chronic disease services and medications, they would be more expensive up front.
- Specifically, premiums would rise by about 6% over current high-deductible plans.
- However, they would likely cover more services without subjecting enrollees to a deductible, perhaps enabling those with chronic disease to better manage their conditions and avoid some of the major medical episodes that can occur when chronic disease is not kept in check. -Through a simulation model, we also found the plans would likely be popular on the commercial market, attracting up to 45 million enrollees in both the employer and individual markets.
- Lawmakers and policy groups have held hearings, and there’s a growing recognition that the current regulations are outdated.