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Premium vs. deductible: 2014’s big decision
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Premium vs. deductible: 2014’s big decision

Which is more important to you? A lower medical insurance premium or a lower deductible?

Here’s how 2014’s medical plans stack up when it comes to the ever-important premium vs. deductible category, plus other major differences between the plans.

Purdue Health Plan Purdue Health Plan
Plus HSA 1
Purdue Health Plan
Plus HSA 2
Highest premium Medium premium Lowest premium
Lowest deductible and out-of-pocket maximum Medium deductible and out-of-pocket maximum Highest deductible and out-of-pocket maximum
No health savings account (HSA) contribution from Purdue Health savings account (HSA) contribution from Purdue Health savings account (HSA) contribution from Purdue
100% coverage for services at Tier 1 labs Non-preventive lab costs are subject to the deductible at all labs Non-preventive lab costs are subject to the deductible at all labs
No deductible on prescriptions Non-preventive prescription costs are subject to deductible Non-preventive prescription costs are subject to deductible
$10 copay for services at Purdue’s Center for Healthy Living $45 flat fee for services at Purdue’s Center for Healthy Living. Pay 20% of $45 after meeting deductible. $45 flat fee for services at Purdue’s Center for Healthy Living. Pay 25% of $45 after meeting deductible.
No deductible for in-network primary care and mental health visits Primary care and mental health visits are subject to deductible Primary care and mental health visits are subject to deductible
Eligible to enroll in health care flexible spending account (FSA) Eligible to enroll in limited purpose flexible spending account to supplement HSA Eligible to enroll in limited purpose flexible spending account to supplement HSA


Remember to enroll by 6 p.m. (ET), Nov. 15. If you don’t enroll, you’ll be assigned to the Purdue Health Plan with HSA 2, but you will not be eligible for an HSA through Purdue, and you’ll miss out on Purdue’s HSA contribution.

 
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