The average consumer assumes that low deductible health plans (LDHP) are more benefit rich then high deductible health plans (HDHP) . However, in most cases, both forms of health coverage are equally comprehensive.

It is important to consider your individual situation to determine what is ultimately best for you. Knowing the relative strengths and weaknesses of each type of plan will put you in optimum position to maximize savings.

There are many variables to consider for any health policy, here is an example:

Policy 1 (Low Deductible Health Plan - LDHP):
Monthly Premium: $850
Doctor copays: $20
Deductible: $0
Coinsurance: $0
Maximum Out of Pocket (OOP):$0

Yearly Cost (excluding copays):
$10,200

Policy 2 (High Deductible Health Plan - HDHP):
Monthly Premium: $450
Doctor copays (pre-deductible): $20
Deductible: $2500
Coinsurance: 20%
Maximum OOP (including deductible): $5000

Yearly Cost (excluding copays) if full deductible is reached:
$7900

Savings on Policy 2: $2300 (potentially more if deductible is not reached)