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health as it happens

High-deductible health plans are causing medical debt. It’s time to fix them. - BenefitsPro

Commentary

HDHPs should give people better options to shop and make educated and informed decisions about their care.

woman pushing away vaccine With the massive deductible staring them down, HDHP members tend to delay or skip care, leading to worse outcomes. (Photo: Shutterstock)

Open enrollment season has just wrapped up. Across the country, health care consumers have signed up for health plans that — if nuances aren’t understood — could bankrupt them.

Medical debt is the leading cause of bankruptcy in the US. And of the millions of people who are victims of health care oppression, 72% owe less than $10,000 and 75% of people with medical debt had health insurance. A high-deductible health plan (HDHP) can have a family deductible of up to $14,100 — creating plenty of space to get trapped under medical debt.

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