High-deductible health plan

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In the United States, a high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. Being covered by an HDHP is also a requirement for having a health savings account.[1] Some HDHP plans also offer additional "wellness" benefits, provided before a deductible is paid. High-deductible health plans are a form of catastrophic coverage, intended to cover for catastrophic illnesses.[2]

Minimum and maximum deductibles[edit]

Participation in a qualifying HDHP is a requirement for health savings accounts and other tax-advantaged programs. A qualifying plan must have a minimum deductible and out-of-pocket maximum which the Internal Revenue Service may modify each year to reflect change in cost of living. According to the instructions for IRS form 8889, "this limit does not apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit is reached."

Year Minimum deductible (single) Minimum deductible (family) Maximum out-of-pocket (single) Maximum out-of-pocket (family)
2009 $1,150 $2,300 $5,800 $11,600
2010[3] $1,200 $2,400 $5,950 $11,900
2011 $1,200 $2,400 $5,950 $11,900
2012 $1,200 $2,400 $6,050 $12,100
2013 $1,250 $2,500 $6,250 $12,500
2014 $1,250 $2,500 $6,350 $12,700
2015[4] $1,300 $2,600 $6,450 $12,900
2016[5] $1,300 $2,600 $6,550 $13,100
2017[6] $1,300 $2,600 $6,550 $13,100

References[edit]

  1. ^ "High-Deductible Health Plans". Health 401k. Retrieved 25 May 2011. 
  2. ^ "Publication 969" (PDF). Internal Revenue Service. 11 January 2012. Retrieved 9 June 2012. 
  3. ^ IRS Revenue Procedure 2009-29
  4. ^ IRS Revenue Procedure 2014-30
  5. ^ IRS Revenue Procedure 2015-30
  6. ^ IRS Revenue Procedure 2016-28