Traditional plans offer comprehensive coverage with lower deductibles and lower cost-sharing arrangements (copays and coinsurance) but generally have higher monthly premiums when compared to our Health Savings Account (HSA)-eligible plans.
HSA-eligible plans (also known as High Deductible Health Plans or HDHPs) are designed to be paired with an HSA. HSA-eligible plans typically have lower monthly premiums with higher deductibles and higher cost-sharing arrangements.
You can offer your employees a choice between at least one traditional plan and at least one HSA-eligible plan. This allows employees to compare plans and decide which plan is best for their needs.
