High deductible health plan
From Healthcarepedia
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
