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High deductible health plan |
Also found in: Wikipedia | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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HRAs may accompany high-deductible health plan (HDHP) coverage, and the employer and employee may share the deductible's cost. If the widespread adoption of high-deductible health plans and HSAs won't reduce health care costs and make health insurance more affordable to the uninsured, then what does it do? State Farm also has joined with Assurant Health to provide a high-deductible health plan, he said. |
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