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What is a high-deductible health plan (HDHP)?
by TurboTax•954• Updated 4 weeks ago
A high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than traditional health plans.
For 2024, an HDHP's deductible starts at $1,500 for an individual plan and $3,000 for a family plan. Out-of-pocket expenses such as in-network co-pays, deductibles, and coinsurance (but not premiums) can't exceed $7,500 or $15,000 for individual and family plans, respectively.
A consumer directed health plan (CDHP) is an HDHP with a tax-advantaged healthcare account such as a health savings account (HSA) or a flexible spending arrangement (FSA). You must have an HDHP to contribute to an HSA.
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