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High Deductible Health Plans (HDHPs) are a type of health insurance that pairs lower monthly premiums with higher deductibles. This means you pay less each month for your insurance, but you'll pay more out-of-pocket for medical care before your insurance coverage kicks in. HDHPs are often combined with a Health Savings Account (HSA) or Health Reimbursement Arrangement (HRA), allowing you to save money tax-free for medical expenses.

What Are the General Features of an HDHP?

As the name suggests, HDHPs feature a higher annual deductible compared to traditional health plans. While specific amounts vary by plan and year, these plans generally require you to meet a significant deductible before your insurance begins to cover