insurance

What is a consumer directed plan?

 

 

What is a consumer directed plan?

The Bankrate.com financial term of the day is: "consumer directed plan."

A consumer directed plan is a health insurance vehicle that offers more of a driver's seat for you, the patient. With the typical consumer driven plan, you maintain a tax-advantaged health savings account to pay for routine medical expenses and have insurance with a high deductible to pay for costlier catastrophic care.

Want to be your own health insurer? A consumer directed plan allows you to play that role, at least for checkups and other routine matters. High-deductible health insurance takes care of the big stuff.

To get an insurance quote, visit the Insurance section at Bankrate.com.

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