![]() ![]() Kullgren, research scientist at the VA Center for Clinical Management Research in Ann Arbor, Michigan. “In recent years, enrollment in HDHPs does seem to be plateauing a bit, but in general enrollment in HDHPs has been steadily increasing over the past 20 years,” says Dr. For a family plan, the minimum deductible is $3,000. In 2023, an individual health plan must have a deductible of $1,500 or more to qualify as an HDHP. What is a high-deductible health plan?Īn HDHP is exactly what it sounds like: a health insurance plan that has a higher deductible than a traditional policy typically does. But what are the trade-offs and potential risks?īefore you sign up for an HDHP, here’s what you should know. Signing up may be tempting, especially since the premium can be more affordable than other insurance plans. Whether you’re weighing the health insurance choices your employer offers or looking for your own policy on a health insurance exchange, chances are good that you’ll see an option for a high-deductible health plan (HDHP). ![]() While an HDHP can save you money if you’re healthy, it can be expensive if you have a chronic condition.If you have an HDHP, you can contribute to a tax-advantaged health savings account (HSA) and use the account to pay for medical costs.In 2023, the minimum deductible for an HDHP plan is $1,500 for an individual and $3,000 for a family.Any health insurance policy with a deductible that meets or exceeds thresholds set by the IRS is considered a high-deductible health plan (HDHP). ![]()
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