Private schools save big with high deductible secrets
The Financial Benefits for Private Schools
Adopting HDHPs allows private schools to allocate their financial resources more efficiently. By reducing the cost of health insurance premiums, schools can invest in improved facilities, advanced technology, or enhanced educational programs. According to the Kaiser Family Foundation, the average premium for family coverage under an HDHP was significantly lower than that of a traditional plan1. This cost efficiency can lead to savings of thousands of dollars annually, providing schools with the flexibility to enhance their educational offerings.