(HDHP) A plan with a high deductible (HDHP) can help you save money by lowering your monthly premiums.
Through a health savings account (HSA), you may also be eligible for a tax deduction for medical expenses.
For the 2022 tax year, an HDHP is a health insurance plan with a deductible of at least $2,800 for a family plan and at least $1,400 for an individual plan, as defined by the Internal Revenue Service (IRS).
The prices will rise to $3,000 for a family plan and $1,500 for an individual plan in 2023.
Since you probably won’t need enough healthcare to pay the high deductible, it makes sense to lower premiums and choose an HDHP for people who don’t anticipate having many medical expenses in the coming year.
On the off chance that you expect critical clinical costs, an arrangement with a lower deductible however a higher charge would be ideal so the protection repayment kicks in prior.
