Question

multiple select question

select all that apply

what two elements characterize consumer-driven-health plans?

they are deductible-free plans with high premiums.
they use \savings accounts\ to pay medical bills before the deductible is met.
there is no element of cost-sharing for patients.
they provide health plans with high deductibles and low premiums.

Explanation:

Define consumer-driven health plans

Using the Consumer-Driven Health Plan knowledge point
A Consumer-Driven Health Plan (CDHP) is a type of health insurance plan that combines a high-deductible health plan (HDHP) with a tax-advantaged savings account (such as an HSA or HRA) to pay for out-of-pocket medical expenses.

Analyze the premium and deductible structure

Using the Consumer-Driven Health Plan knowledge point
CDHPs are characterized by high deductibles and low premiums, which encourages patients to be more conscious of their healthcare spending.

Analyze the role of savings accounts

Using the Consumer-Driven Health Plan and Cost-Sharing knowledge points
These plans utilize special "savings accounts" (like Health Savings Accounts) to pay for medical bills before the high deductible is met.

Evaluate the given options

Using the Consumer-Driven Health Plan knowledge point

• "They are deductible-free plans with high premiums." (Incorrect: CDHPs have high deductibles and low premiums)
• "They use "savings accounts" to pay medical bills before the deductible is met." (Correct)
• "There is no element of cost-sharing for patients." (Incorrect: High deductibles represent a significant form of cost-sharing)
• "They provide health plans with high deductibles and low premiums." (Correct)

Answer:

• They are deductible-free plans with high premiums.
• They use "savings accounts" to pay medical bills before the deductible is met. (Correct answer)
• There is no element of cost-sharing for patients.
• They provide health plans with high deductibles and low premiums. (Correct answer)