High Deductible Health Plan

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A High Deductible Health Plan (HDHP) is a health insurance plan with lower insurance premium and higher deductibles than a traditional health plan. It is sometimes referred to as a catastrophic health insurance plan.

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.

{| class="wikitable"|-! 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|}

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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