High Deductible Health Plan
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A High Deductible Health Plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is sometimes referred to as a catastrophic health insurance plan.
[edit] As Related to Health Savings Accounts
Participating in a "qualified" HDHP is a requirement for Health Savings Accounts and other tax advantaged programs. In this context, HDHPs are plans with a minimum deductible of $1,100 for Self and $2,200 for Self and Family coverage. The maximum amount out-of-pocket limits for HDHPs is $5,500 for self and $11,000 for Self and Family enrollment. These are the 2007 amounts and are adjusted for inflation annually.
| Year | Minimum Deductible (Single) | Minimum Deductible (Family) | Maximum Out of Pocket (Single) | Maximum Out of Pocket (Family) |
|---|---|---|---|---|
| 2005 | $1,000 | $2,000 | $5,100 | $10,200 |
| 2006 | $1,050 | $2,100 | $5,250 | $10,500 |
| 2007 | $1,100 | $2,200 | $5,500 | $11,000 |
[edit] External links
http://www.irs.gov/pub/irs-pdf/p969.pdf
http://www.ustreas.gov/offices/public-affairs/hsa/07IndexedAmounts.shtml
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