How Can myMD Save Me Money?

High Deductible Health Plan (HDHP) - Cost Analysis

Below is an example of how combining a high deductible health plan (“HDHP”) with a myMD Membership can actually SAVE you money over traditional medical coverage.

An individual male age 50 can SAVE over $3500/year

Traditional Health Plan* - $0 deductible
   
$701.64/month
$8420/year

High Deductible Health Plan* - $1750 Deductible
   
$280.50/month
$3366/year
myMD Membership Fee
$1500/year
Total Cost HDHP and myMD Memberhsip
$4866/year

Savings of $3554/year
Even if using the deductible - it's a savings of over $1800!

A family of four can SAVE over $8500/year

Traditional Health Plan* - $0 deductible
   
$1748.37/month
$20,980/year

High Deductible Health Plan* - $1750 Deductible
   
$663.34/month
$7960/year
myMD Membership Fee
$4440/year
Total Cost HDHP and myMD Memberhsip
$12,400/year

Savings of $8579.76/year
Even if using the deductible - it's a savings of over $5000!

Furthermore, your myMD Membership Fee may be tax deductible if paid through a Health Savings Account or a Flexible Spending Account.

* Blue Cross Blue Shield of Illinois PPO Plan for non-smokers as of September 1, 2008

 

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