What Is A Qualified High Deductible Health Plan (HDHP)?

Contributed by mm | October 5, 2006 5:52 AM PST

A health plan will qualify as a high deductible health plan (HDHP) if it has an annual deductible of at least $1,000 for an individual's (self) coverage and at least $2,000 for family coverage.

A HDHP must have a maximum annual out-of-pocket expense limit of $5,100 for self-only coverage and $10,200 for family coverage.

Low-deductible coverage for accidents, disability, dental care, vision care, or long-term care is permissible in a HDHP. A HDHP may also include a preventive care benefit.

High deductible health plans in the state of Washington must comply with state insurance laws and are subject to the jurisdiction of the Office of the Insurance Commissioner.

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