HomeFinancial Glossary › High-Deductible Health Plan (HDHP)

High-Deductible Health Plan (HDHP)

Insurance
A health plan with higher deductibles and lower premiums, required for HSA eligibility ($1,600+ individual / $3,200+ family in 2024).

Example

Example: When shopping for coverage, understanding high-deductible health plan (hdhp) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle high-deductible health plan (hdhp) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.

Related Calculators

Related Terms

← Back to Financial Glossary