Qualified High-Deductible Health Plan
What Does Qualified High-Deductible Health Plan Mean?
A qualified high-deductible health plan is a type of health insurance plan characterized by lower premiums and higher deductibles compared to many other health plans. For a plan to be classified as high-deductible, its annual deductible must fall within a specified range, which can vary each year. For example, in 2013, the deductible range was $1,250 to $6,250 for individuals and $2,500 to $12,500 for families.
Insuranceopedia Explains Qualified High-Deductible Health Plan
Qualified high-deductible health plans enable policyholders who cannot afford high premiums to still access healthcare. In some cases, these plans may even have no premiums, requiring the policyholder to pay only the deductibles. While high-deductible insurance makes health coverage more accessible for those unable to afford other types of insurance, it can still lead to significant costs if the policyholder files numerous claims within a single year.
