A high deductible health plan (HDHP), also known as a catastrophic health insurance plan, is a relatively inexpensive health plan that has a high deductible ranging from $1,000 to thousands of dollars. The premiums for HDHPs are usually considerably lower than those for traditional health insurance plans. You must have a HDHP in order to have a health savings account (HSA). To qualify for an HSA, your deductible must be at least $1,000 for single-person coverage or $2,000 for family coverage.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Health Insurance Tip Site? Request a Tip Now!

Guru Spotlight

PJ Campbell

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!