Ellen Jackson, Vice President of Managed Care and Physician Services of Roper St. Francis Hospital explains that one plan might make sense over another for each individual.
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Choosing a High Deductible Health Plan: How do I know if a High Deductible Health Plan is right for me? Ellen Jackson: We do not necessarily advocate one plan over the other, there are different situations where one plan might make sense over another, the High Deductible Health Plan is much better plan for a healthy person who is not going to receive a whole lot of services. If you have a lot of health issues, you are on a lot of prescription medications, etcetera, High Deductible Health Plan is probably not the vehicle for you. The one concern that the provider community has about the High Deductible Health Plan is the patient responsibility because most people - it's a game of risk. You pay less on the premium on the front end hoping that you are not going to have a serious illness but if you are admitted to the hospital one time, it's likely that you are gonna eat up that deductible in that one admission and so, most people who reduce their premiums and purchase the High Deductible Health Plan don't take that extra money and put it in the bank, and stock it away for a rainy day. They are spending it on other - food and household issues that they need to spend it on so in the event that they have a catastrophic case or just even a regular out-patient surgery and in-patient admission, the likelihood of them being able to fully compensate the healthcare provider for the services is questionable. So that's a big concern for the healthcare community.