8 Difference Between HSA and PPO Health Insurance

1. Because HSAs must be paired with a high-deductible health plan, your health insurance premiums are normally much lower than a typical PPO plan with a $500 or $1,000 deductible. 2. HSA offers tax deductions, while PPOs do not. 3. A health savings account is like a long-term savings account you can use to pay for health care expenses. 4. Taxable income reduced by HSA deposits 5. HSA can be fully or partially paid for by your employer, while PPO is usually self-funded. 6.  With a PPO health insurance plan, consumers don’t need to fret about seeing an in-network physician versus one who is outside of that network. Costs will be slightly greater for out-of-network services, but there is no need to pay out-of-pocket to receive care.