Need help understanding HDHP
My wife is 5 months pregnant and is due in October. I’ve always had a HDHP because before I was single and didn’t think to change it to a PPO plan later on, but just wanted to come here and get some advice. Our family plan consists of a $5,000 family deductible (currently at $1,100) and $10,000 family out of pocket max. It states that you will pay 15% of costs until you reach your Tier 1 family out-of-pocket max of $10,000.00. You are $8,900 away from meeting your Tier 1 family out-of-pocket max. Then it says “After you meet your family deductible and out-of-pocket max, your plan will pay 100% of costs as long as you stay within Tier 1 network.” So are we basically paying $15,000 in responsibility cost or once we meet the $5,000 the insurance takes care of the rest and that’s all we pay?