Health Plan and Savings Account Comparison Chart

  Indemnity/ FFS HMO PPO POS HSA HRA FSA
Who is this Plan Best For? People who want a wide range of freedom to choose the physician and hospital of their choice. People with families, those interested in preventitive care, and those requiring ongoing care. People who want an HMO style plan with more freedom of choice. Savvy plan users who can select HMO, PPO or FFS payment methods at the time of service. Young and healthy workers. Careful health care users above median income levels. Self-employed. Small businesses. Businesses looking for affordable ways to offer health care. Anyone with qualified medical expenses who does not have an HSA or HRA.
Flexibility in Choosing physician? High Limited Moderate Moderate-High High Depends on Plan HRA is coupled with N/A
Deductible Varies Lowest to Moderate Moderate Moderate-High High. 2007 minimum deductible for individual coverage is $1,100. Minimum for family coverage is $2,200. High N/A
Monthly Premiums High Lowest Moderate Moderate-High Lowest Lowest N/A
Copayments / Coinsurance Insured pays 10%-20% coinsurance for medical expenses, doctor's visits, hospitilizations, prescriptions, etc. Pay low copayment for medical expenses, doctor's visits, hospitilizations, prescriptions, etc. Pay low to medium copayment for medical expenses, doctor's visits, hospitilizations, prescriptions, etc. Depends on method of payment plan selected at time of service. Savings account is used to pay for qualified medical expenses. When funds in account are used up, catastrophic plan pays once out-of-pocket maximums are met. 2007 maximum annual out-of-pocket amount for individuals is $5,500. Maximum for family coverage is $11,000. Savings account is used to pay for qualified medical expenses. When funds in account are used up, catastrophic plan pays once out-of-pocket maximums are met. Savings account is used to pay for qualified medical expenses.
Do Funds Rollover? Does not apply. Does not apply. Does not apply. Does not apply. Yes. No. No.
Who puts money into the savings account? Does not apply. Does not apply. Does not apply. Does not apply. Employee, Employer, or Both.
Self-Employed.		 Employer Employee, Employer, or Both.
Does the Account Generate Interest? No savings, unless coupled with FSA. No savings, unless coupled with FSA. No savings, unless coupled with FSA. No savings, unless coupled with FSA. Yes No No
Mobile When You Change Jobs? Under COBRA provisions Under COBRA provisions Under COBRA provisions Under COBRA provisions Yes No No
Contribution Limits Does not apply. Does not apply. Does not apply. Does not apply. IRS designated 2007contribution maximum for individual coverage is $2,850.
 The maximum for family coverage $5,650. Those over 55 can contribute $800 extra.		 Set by company. Set by company.
Are Employee Contributions Taxed? Does not apply. Does not apply. N/A Does not apply. Usually not. Does not apply. Usually not.
Are Medical Reimbursements Taxed? Does not apply. Does not apply. Does not apply. Does not apply. No. No. No.
Can Funds be used for non-medical Purposes? Does not apply. Does not apply. Does not apply. Does not apply. Yes, with penalty. No. No.

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