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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.