The nHealth Plan

In previous years the solution to managing health care costs has come in the form of increased co-pays and raising consumer contributions. Yet, these measures have failed to work. We’re offering a fresh look at health insurance, a consumer-driven health plan.

nHealth is a consumer-driven health plan (CDHP), meaning it is a health insurance plan that allows members to use personal, tax-exempt health savings accounts (HSA) to pay routine healthcare expenses directly, while a high deductible health insurance policy protects them from catastrophic medical expenses.

How does it work?

The high deductible insurance policy has a substantially lower monthly cost. Employers and employees can take advantage of the money they are saving from lower premiums to fund a tax-exempt, employee-owned health savings account.

Routine and expected medical costs are paid from the health savings account until the deductible is reached. This includes: medical, dental, vision, prescription and over-the-counter drugs, all tax free. Since you are in the nHealth network, you will receive network discounts at doctors, labs and hospitals.

Like a traditional plan, once the deductible is reached, the plan pays for a percentage of covered services until the out-of-pocket maximum is reached. At that point, every expense is covered by nHealth.

At the end of the year, any unused balance in the HSA will be rolled-over for the next year’s expenses. Also, you own your HSA and as it grows, the funds can be placed in a portfolio of mutual fund options. HSAs are also portable and can go with you from job to job and into retirement.

Are you ready to learn more? We have plenty of information for employers and employees. (Use respective links under Visitors section.)

To learn more about Health Savings Accounts, please click here.

Find out how to manage your true healthcare costs, click here