What is a High Deductible Health Plan? View more. A High Deductible Health Plan (HDHP) is a health plan product that combines a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) with traditional medical coverage. It provides insurance coverage and a tax-advantaged way to help save for future medical expenses.

A High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) provides traditional medical coverage and a triple-tax advantaged way to help you build savings for future medical expenses while providing you greater flexibility and discretion over how you use your health care benefits.

-eligible plan (also called a High Deductible Health Plan (HDHP)) and open an HSA, a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses (like some dental, drug, and vision expenses). The amount you pay for covered health care services before your insurance plan starts to pay.

While you can use the funds in an HSA at any time to pay for qualified medical expenses, you may contribute to an HSA only if you have an HSA-eligible plan (sometimes called a High Deductible Health Plan (HDHP)) — generally a health plan (including a Marketplace plan) that only covers preventive services before the deductible.

What Is A High-Deductible Health Plan? A high-deductible health plan (HDHP) is a type of health insurance that can offer lower monthly premiums. You may want to understand how HDHPs work, the pros and cons of the plan depending on your situation, and how a health savings account (HSA) can be funded with pre-tax dollars to pay for medical expenses.

It’s easy to get started with your HSA. If you open your HSA through Independence Blue Cross, you can easily access your account, view your activity, and even pay in-network providers by logging in to ibx.com. You also have the option to set up an HSA with another vendor.

2024年9月16日 · What Is a Health Savings Account (HSA)? A Health Savings Account (HSA) is a tax-advantaged account created for or by individuals covered under high-deductible health...

2023年10月26日 · To contribute to an HSA, you must be enrolled in a High Deductible Health Plan (HDHP), which offers the leanest benefits and has high deductibles, coinsurance payments and copayments.

2024年6月20日 · In this article, we'll cover the ins and outs of HSAs, including HDHP eligibility and contribution limits. We’ll also cover how a health reimbursement arrangement (HRA) can be used in place of or alongside an HSA.

Learn how an HSA can put you on the path to personal and financial well-being. Helping you save for health care, and your future. Coverage that helps take care of the whole you, physically and financially. Learn why a high-deductible health plan (HDHP) paired with an HSA may be right for you. Pay medical costs.