Hdhp sentence example

hdhp
  • A high-deductible health plan (HDHP) that covers large hospital bills.
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  • A high-deductible health plan (HDHP) can be purchased through an insurance broker, agent, or company.
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  • In order to take advantage of health savings accounts, you must first be covered by a High Deductible Health Plan (HDHP).
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  • Sometimes called a "catastrophic" health plan, a HDHP is much less expensive than traditional Medical Insurance.
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  • Of course, after a certain point, medical expenses will be covered by your HDHP.
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  • Though it does not cost anything to open an HSA, as of 2006, your HDHP minimum deductible must be at least $1,050 (individual coverage) or $2,100 (family coverage).
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  • With an HSA, you are only allowed to make contributions equal to the amount of the deductible on your HDHP.
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  • For example, if you choose a HDHP that has a deductible of $1,200, you may not deposit more than $1,200 into your HSA in a single year.
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