An
HDHP is a High Deductible Health Plan and is usually provided by an
established insurance company
"An HDHP has
- A higher annual deductible
than typical health plans, and
- A maximum limit on the sum of
the annual deductible and out-of-pocket medical expenses that you must pay
for covered expenses. Out-of-pocket expenses include copayments and other
amounts, but do not include premiums."
An HSA (Health Savings Account) goes hand-in-hand with an HDHP. The HDHP provide health insurance coverage, while the HSA enables you to pay the high deductible with tax-free dollars.
Normally, when you join a company with this type of coverage, the company signs you up for the HDHP and helps you to establish the HSA with a bank or financial institution..
To be or stay eligible for an HSA, you have to be covered by an HDHP - this is why TurboTax asks the question about HDHPs. If you are unsure if you are in an HDHP, consult your HR or benefits department - they will know.
