High Deductible Health Plan Definition 2024

High Deductible Health Plan Definition 2024. For 2024 coverage, an hdhp must have a minimum deductible of $1,600 for a single individual and $3,200 for family coverage. The monthly premium is usually lower, but you pay more health care.

For taxable years beginning in 2024, the term “high deductible health plan” means, for family coverage, a health plan that has an annual deductible that is not less. An hdhp has a higher deductible than a typical health plan.