Highlights.  1 People buy these plans because they're desperate to get lower premiums.. 2  You can put pretax dollars for medical expenses in a health savings account. 3  Make sure you know your out-of-pocket expenses or costs can balloon.
http://www.bankrate.com/finance/insurance/a-health-plan-to-save-you-money-1.aspx
HDHP refers to a health insurance plan called “High Deductible Health Plan”. From the term itself, it is a type of health insurance plan that involves a high deductible but with low premiums. Deductible is the amount a person is required to pay the insurance company before it could give out the benefits stipulated in the particular plan. Usually, deductibles are set and specified for a given policy year and are adjusted on a yearly basis.
http://www.qwhatis.com/what-is-hdhp/
The low premium is the main appeal for high-deductible plans. When you talk to consumers, they tend to gravitate to the plan with the lowest premium, says Doug Ghertner, president and CEO of Change Healthcare, a company focused on helping consumers shop for health care services.
http://www.usatoday.com/story/money/personalfinance/2013/09/24/high-deductible-health-care-plans/2848181/
Most HDHP are used only in emergency or catastrophic cases. Most people that avail of this type of health insurance coverage are also aware that in case an emergency indeed arises, he/she may have to pay the deductible in order for the insurance company to cover the medical bills beyond the deductible paid.
http://www.qwhatis.com/what-is-hdhp/
DEFINITION of 'High-Deductible Health Plan-HDHP'. A health insurance plan that has a high minimum deductible, which does not cover the initial costs or all of the costs of medical expenses. The deductible forces the insurance holder to pay the first portion of a medical expense before the insurance coverage kicks in.
http://www.investopedia.com/terms/h/hdhp.asp
BREAKING DOWN 'High-Deductible Health Plan-HDHP'. These health plans became more common when the new health savings account (HSA) legislation was signed into law in 2003. In order to open an HSA account, an individual must first have an HDHP.
http://www.investopedia.com/terms/h/hdhp.asp
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http://www.qwhatis.com/what-is-hdhp/
If you're looking to cut your health care insurance premium, one route is a high-deductible insurance plan. But the downside is this: If you become seriously ill, you'll realize why it's called a high-deductible plan.
http://www.usatoday.com/story/money/personalfinance/2013/09/24/high-deductible-health-care-plans/2848181/
Deductibles as high as $1,000. There's no doubt that high-deductible insurance plans are on the rise, though. According to the Kaiser Family Foundation, they've tripled in number within four years.
http://www.bankrate.com/finance/insurance/a-health-plan-to-save-you-money-1.aspx
Benefits. Save money on premiums. This is probably a high-deductible plan's biggest advantage in today's pricey health insurance marketplace. Deductibles are going up across the board, says Fronstin. Some 27 percent of employees enrolled in company health plans have deductibles of at least $1,000.
http://www.bankrate.com/finance/insurance/a-health-plan-to-save-you-money-1.aspx
what is a hdhp plan
A high-deductible health plan is a type of health insurance plan that involves a high deductible but with low premiums. A high deductible health plan is a type of health insurance plan that involves a high deductible but with low premiums.