High deductible health plan


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High Deductible Health Plan

A form of health insurance in which the policyholder is responsible for all medical expenses up to a relatively high point. For example, a high deductible health plan may require the insured to pay all bills up to $5,000. The trade-off for these plans is a lower premium. High deductible health plans are popular among young people, healthy people and those who only want to have health insurance for emergencies.

High deductible health plan (HDHP).

A high deductible health plan (HDHP) requires substantially higher than average out-of-pocket expenses before the insurance company will start paying for your medical expenses.

However, the premiums for an HDHP are generally lower than the premiums for traditional fee-for-service, participating provider organization (PPO), or a health maintenance organization (HMO) plan.

The HDHP may also pay a larger percentage of your expenses once you have satisfied the deductible. If you have an HDHP, you may be eligible for a health savings account (HSA), which allows you to make tax-free withdrawals to pay for medical care that's not covered by your plan.

Money you put in an HSA or that an employer contributes to your account and that you don't spend for qualified expenses can be rolled over and used in later years.

References in periodicals archive ?
Major health problems and the accompanying losses are still covered by the High Deductible Health Plan.
Answering the desire of members with certain cardiovascular risk factors to take charge of their health insurance, Premera Blue Cross announced today it will begin offering first-dollar coverage in 2007 on more than 130 generic medications used to reduce the risk of complications associated with high cholesterol and high blood pressure for members enrolled in High Deductible Health Plans (HDHPs) qualified for use with Health Savings Accounts (HSAs).
The study will develop and price hypothetical high deductible health plans that incorporate V-BID principles and estimate the potential impact on enrollment in such plans by individuals with chronic conditions.
Examples of CDHs include Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and High Deductible Health Plans (HDHPs).
The survey focused on the changes employers are making to their benefit programs such as offering more high deductible health plans and how they are educating their employees about the Affordable Care Act (ACA) and health insurance marketplace (exchanges).
2 will integrate with HSA custodians so payors can offer consumers a single enrollment process for HSA-eligible High Deductible Health Plans and HSA accounts.
8 /PRNewswire/ -- Blue Cross and Blue Shield of Florida (BCBSF) is now offering high deductible health plans that are compatible with Health Savings Accounts (HSAs) for group members under-65.
1 /PRNewswire-FirstCall/ -- First Niagara has introduced Health Savings Accounts (HSA), a tax-advantaged bank savings account for those individuals covered under High Deductible Health Plans.
Among employees with access to high deductible health plans (HDHPs), only half (51 percent) receive information from their employer on how an HSA and HDHP work together.
The qualifying high deductible health plans purchased in the small employer market have average annual premiums of $2,224 for a single policy and $5,496 for a family policy.
org also provides additional details about other high deductible health plans offered by health insurance companies.

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