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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