Consumer Driven Health Plans
A Consumer Driven Health Plan (CDHP) is an excellent option and a very effective tool for monitoring health care costs. A CDHP is a health insurance plan that pays for covered services after you the deductible is met. Most employees save money with a CDHP, but only you can determine what health plan best meets your need. Don’t forget to take advantage of 100 percent first dollar preventive care services. It is important to visit a primary care physician for an annual physical which includes screenings for high cholesterol and diabetes, the two most prevalent conditions among our plan members. Preventive services are a smart way to invest in your wellbeing
The state of Indiana offers two CDHPs – CDHP 1 and CDHP 2. Both plans cover the same services, the two can be compared by closely examining the premiums, deductibles, and out –of-pocket maximums.
The premium rates for CDHPs are considerably less expensive than those of a Traditional PPO plan. For CDHP 1, the premiums are the least expensive of all three health plans offered by the state. They start as low as $11.94 biweekly for single coverage and $38.16 for family coverage. For CDHP2, the premiums are the second least expensive of the three health plans offered by the state. They start as low as $54.72 biweekly for single coverage and top out at $158.04 for family coverage.*
* Rates reflect participation in the non-tobacco use incentive.
CDHP summaries and plan information
Check back for more information.
CDHP plan rates for 2014
| Plan | Coverage | Bi-Weekly Employee Rate | Bi-Weekly Employer Rate | Bi-Weekly Total Rate | Annual Employee Rate | Annual Employer Rate |
|---|---|---|---|---|---|---|
| CDHP 1 | Single Family |
$46.94 $73.16 |
$173.28 $518.58 |
$220.22 $591.74 |
$1,220.44 $1,902.16 |
$4,505.28 $13,483.08 |
| CDHP 1 w/ Non-Tobacco Use | Single Family |
$11.94 $38.16 |
$173.28 $518.58 |
$185.22 $556.74 |
$310.44 $992.16 |
$4,505.28 $13,483.08 |
| CDHP 2 | Single Family |
$89.72 $193.04 |
$190.56 $553.26 |
$280.28 $746.30 |
$2,332.72 $5,019.04 |
$4,954.56 $14,384.76 |
| CDHP 2 w/ Non-Tobacco Use | Single Family |
$54.72 $158.04 |
$190.56 $553.26 |
$245.28 $711.30 |
$1,422.72 $4,109.04 |
$4,954.56 $14,384.76 |
State contributions to HSA benefits your CDHP
An attractive partner to the CDHP, a health savings account (HSA) can be opened to put money aside to invest in your future out-of-pocket expenses. If you are eligible for an HSA the state will make the following contributions:
| HSA Account | Coverage | Initial Contribution* | Bi-Weekly Contribution | Monthly Contribution | Maximum Annual ER Contribution |
|---|---|---|---|---|---|
| HSA 1 w/CDHP 1 | Single Family |
$561.60 $1,124.76 |
$21.60 $43.26 |
$46.80 $93.73 |
$1,123.20 $2,249.52 |
| HSA 2 w/CDHP 2 | Single Family |
$336.96 $673.92 |
$12.96 $25.92 |
$28.08 $56.16 |
$673.92 $1,347.84 |
Updated for calendar year 2014: There are federal guidelines for HSAs, including contribution limits. For 2014, the maximum that can be contributed to an HSA is $3,300 for single coverage and $6,550 for family coverage. This includes contributions made by the employee and the state. For account holders 55 years of age and older, an additional $1,000 can be contributed.
2014 Health Savings Account maximum contributions chart
| CDHP 1/Single | CDHP 1/Family | CDHP 2/Single | CDHP 2/Family | |
|---|---|---|---|---|
| Health Savings maximum | $3,300.00 | $6,550.00 | $3,300.00 | $6,550.00 |
| State Contribution | $1,123.20 | $2,249.52 | $673.92 | $1,347.84 |
| Allowable employee contribution | $2,176.80 | $4,300.48 | $2,626.08 | $5,202.16 |
Visit the Health Savings Accounts page for more information
