IB-C-2012 (August 2012)
Author: Linda Gorman
Having someone else pay for your medical care is the most expensive way to pay for it because it adds insurer overhead costs to the cost of the actual service. Colorado’s private sector began switching to consumer directed health policies (CDHPs) when they became more widely available in 2003. CDHPs encourage cash pay- ment for inexpensive and predictable care. Health savings accounts (HSA) qualified plans save excess funds in tax-free accounts that accumulate until retirement.