Understanding Medical Plan Types:
What is an HDHP?

HDHP cost less per month, but have a higher deductible. A health savings account can cover out-of-pocket health expenses before you hit your deductible.

A High Deductible Health Plan or consumer-driven health plan allows you to have more control over your healthcare costs than with other plans. The higher your deductible, the lower your monthly payments, so if you don’t use your health insurance frequently, you can have significant savings. In the event that you need medical care, you will cover most of the cost until you meet your deductible. HDHPs are often attached to a Health Savings Account that allows you to set aside pre-tax dollars for out-of-pocket health expenses, which helps to cover the cost of a high deductible.

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