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PEBP PPO DENTAL PLAN AND SUMMARY OF BENEFITS FOR LIFE INSURANCE MASTER PLAN DOCUMENT PLAN YEAR 2025 (EFFECTIVE JULY 1, 2024 JUNE 30, 2025)7756847000 7024863100 18003265496 https://pebp.nv.govPublic
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What is consumer driven health plan?
A consumer driven health plan (CDHP) is a type of health insurance that provides individuals with the ability to manage their own healthcare expenses, often coupled with health savings accounts (HSAs) or health reimbursement arrangements (HRAs).
Who is required to file consumer driven health plan?
Individuals or families enrolled in a consumer driven health plan, typically those with HSAs or HRAs, are required to file relevant tax forms that detail their contributions and eligible medical expenses.
How to fill out consumer driven health plan?
To fill out a consumer driven health plan, individuals need to complete relevant tax forms (such as IRS Form 8889 for HSAs) that outline contributions, distributions, and qualifying medical expenses.
What is the purpose of consumer driven health plan?
The purpose of a consumer driven health plan is to empower individuals to take control of their healthcare spending, encourage cost-conscious decision-making, and provide tax advantages through associated savings accounts.
What information must be reported on consumer driven health plan?
Information that must be reported includes contributions made to HSAs or HRAs, distributions used for qualified medical expenses, and any other relevant financial data regarding the plan.
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