ConsumerDriven Health Plan
Consumer-Driven Health Plan refers to a type of health insurance plan that allows individuals to have more control over their healthcare expenses. These plans typically have higher deductibles and lower premiums compared to traditional health insurance plans. In a Consumer-Driven Health Plan, individuals are encouraged to make informed decisions about their healthcare by offering tools such as Health Savings Accounts (HSAs) or Health Reimbursement Arrangements (HRAs). This type of plan puts the responsibility on the consumer to manage their healthcare costs and encourages them to be more conscious of their healthcare spending.