Difference between revisions of "High deductible health plan"
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− | A high deducible health plan (HDHP) is a type of [[health insurance plan]] that, compared to traditional health insurance plans, requires greater [[out-of-pocket | + | A high deducible health plan (HDHP) is a type of [[health insurance plan]] that, compared to traditional health insurance plans, requires greater [[out-of-pocket]] spending, although [[premium|premiums]] may be lower. |
High-deductible plans have [[deductible|deductibles]] that range from a low of $1,000 to as high as $10,000. | High-deductible plans have [[deductible|deductibles]] that range from a low of $1,000 to as high as $10,000. |
Latest revision as of 05:33, 24 February 2017
What is a high deductible health plan?
A high deducible health plan (HDHP) is a type of health insurance plan that, compared to traditional health insurance plans, requires greater out-of-pocket spending, although premiums may be lower.
High-deductible plans have deductibles that range from a low of $1,000 to as high as $10,000.
A high deductible plan may be combined with a health savings account or a health reimbursement arrangement. This allows the health plan member to pay for certain medical expenses with untaxed dollars.[1]
References
- ↑ Healthcare.gov