Real answers for your healthcare questions
What is a high deductible health plan and how does it work?
Answer
A high deductible health plan, or HDHP, is a health plan that meets specific deductible and out of pocket limits set under federal rules. Some HDHPs are HSA eligible, which means eligible members can contribute to a Health Savings Account.
What to Know
With an HDHP, you often pay more of the initial cost of non preventive care before the plan begins sharing expenses. In exchange, premiums may be lower than some lower deductible plans. Preventive services can be covered before the deductible when required or permitted under applicable rules.
What to Do Next
If an HSA matters to you, confirm that the plan is specifically HSA eligible rather than assuming every high deductible plan qualifies. Compare expected healthcare use with the premium, deductible, and out of pocket maximum.
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