copayment

Insurance

HSA Plans vs. Copay Plans: What’s the Difference?

As health savings accounts have become quite popular, many people ask, “What is the difference between a traditional insurance plan and an HSA-based Copay plan?” Both plans offer valuable insurance coverage to protect you from high-cost medical expenses, yet there are a few key differences. So let’s examine their fundamental distinctions, trade-offs, and cost over time. In a traditional “copayment…