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jodim1576
New Member

We have a $3000.00 deductible on our family health insurance. Is that a HDHP?

 
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Opus 17
Level 15

We have a $3000.00 deductible on our family health insurance. Is that a HDHP?

Not enough information.  The plan must have a deductible that is more than the minimum (yours does); it must have an out of pocket maximum that also meets conditions, and it must meet certain coverage goals.

"The IRS defines a high deductible health plan as any plan with a deductible of at least $1,350 for an individual or $2,700 for a family. An HDHP’s total yearly out-of-pocket expenses (including deductibles, copayments, and coinsurance) can’t be more than $6,650 for an individual or $13,300 for a family. (This limit doesn't apply to out-of-network services.)"


The insurance provider is the best place to find out if your plan meets all the qualifications.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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1 Reply
Opus 17
Level 15

We have a $3000.00 deductible on our family health insurance. Is that a HDHP?

Not enough information.  The plan must have a deductible that is more than the minimum (yours does); it must have an out of pocket maximum that also meets conditions, and it must meet certain coverage goals.

"The IRS defines a high deductible health plan as any plan with a deductible of at least $1,350 for an individual or $2,700 for a family. An HDHP’s total yearly out-of-pocket expenses (including deductibles, copayments, and coinsurance) can’t be more than $6,650 for an individual or $13,300 for a family. (This limit doesn't apply to out-of-network services.)"


The insurance provider is the best place to find out if your plan meets all the qualifications.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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