High-Deductible Health Plan (HDHP)
What is a High-Deductible Health Plan (HDHP)?
The dollar limits on HDHPs change often (the government thresholds are indexed for inflation). HDHPs are growing in popularity because they help employers limit insurance costs (they have lower premiums) and because they allow people to Health Accounts (HSAs). HSAs are tax-deferred accounts that allow people to save money to pay the on their HDHPs.
How Does a High-Deductible Health Plan (HDHP) Work?
Let's say John Doe has a high-deductible health plan. His policy has a $2,000, which means that if he has a $10,000 surgery, he must pay the first $2,000 before the insurer cover the rest.
Why Does a High-Deductible Health Plan (HDHP) Matter?
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.