So You Have a High Deductible Health Plan (HDHP)…
This means you have traditional insurance but chose a high deductible plan through your employer. You pay lower monthly premiums, but in exchange, you have a higher deductible, higher out-of-pocket maximum, and co-insurance responsibilities.
These plans often have deductibles ranging from $5,000 to $12,000 or more—the amount you must pay before your insurance begins covering costs. After your deductible is met, co-insurance kicks in (typically 10–40%, depending on your plan), meaning you'll still pay a percentage of your medical bills until you hit your maximum out-of-pocket limit.
Example:
Let’s say you have:
A $5,000 deductible
20% co-insurance
A $10,000 max out-of-pocket
If you needed a $25,000 surgery, you’d first pay the $5,000 deductible, then 20% of the remaining $20,000 = $4,000.
Your total out-of-pocket cost would be $9,000—still under your plan’s max out-of-pocket of $10,000.
What benefits do HDHP members see when using Veritas?
Transparent Pricing
In the traditional insurance system, it’s nearly impossible to know what a surgery will cost. With Veritas, you know the full cost upfront—no surprises. This lets you plan financially with confidence and clarity.
Potentially Lower Total Cost
Depending on your deductible and co-insurance, paying cash at Veritas can be more affordable than using your insurance.
Example:
Veritas hernia surgery: $6,500
Average insured cost: $16,000
If your HDHP has a $6,000 deductible and 25% co-insurance, your out-of-pocket would be:
$6,000 (deductible) + $2,500 (25% of remaining $10,000) = $8,500
In this case, you’d pay $2,000 more by using insurance than if you just paid cash at Veritas.
So even with insurance, Veritas may save you thousands—especially for common procedures like general surgery and orthopedics.
Want to Compare?
Our team can walk you through a personalized cost comparison so you can make the best decision for yourself and your family.
Are there times when Veritas might not be the best fit?
Yes. For high-cost, complex procedures (like knee replacements or pacemaker insertions), insurance may offer significantly better financial protection, and your out-of-pocket costs will likely be lower than going the cash-pay route.
That said, if you're prioritizing timely care, direct access to your surgeon, and a streamlined experience, Veritas may still be your preferred choice—even if the cost is slightly higher.
Bottom line:
If you’re on a high deductible health plan, Veritas could save you thousands—and give you peace of mind by eliminating guesswork. Let's explore your options together.