What is a High-Deductible Health Plan (HDHP)?
. Specifically, for single coverage, a HDHP has an annual deductible of at least $1,100 and annual out-of-pocket expenses required to be paid (deductibles, co-payments and other amounts, but not premiums) not exceeding $5,650. For family coverage, a HDHP has an annual deductible of at least $2,200 and annual out-of-pocket expenses required to be paid not exceeding $11,000. In the case of family coverage, no matter which family member or members incur expenses, no amounts are payable from the HDHP until the family has incurred annual covered medical expenses in excess of the minimum annual deductible. Amounts are indexed for inflation. The exceptions are for preventive care.
Related Questions
- Can an individual who is not covered by a high-deductible health plan HDHP for the whole year contribute the maximum annual limit established by the IRS?
- What happens if Im no longer participating in a High-Deductible Health Plan (HDHP)?
- Is the Health Savings Account (HSA) part of the High-Deductible Health Plan (HDHP)?
