High Deductible Health Plan (HDHP) | Practical Law

High Deductible Health Plan (HDHP) | Practical Law

High Deductible Health Plan (HDHP)

High Deductible Health Plan (HDHP)

Practical Law Glossary Item 6-505-2298 (Approx. 2 pages)

Glossary

High Deductible Health Plan (HDHP)

A health plan that includes a:
  • Higher deductible than a traditional health insurance plan.
  • Maximum annual deductible and limit on out-of-pocket expenses (that is, copayments and other amounts, but not premiums).
An individual must be covered by an HDHP as a condition of being eligible for a health savings account.