Qualified High-Deductible Health Plan

What is Qualified High-Deductible Health Plan?

Qualified High-Deductible Health Plan is A health plan with lower premiums that covers health-care expenses only after the insured has paid each year a large amount out of pocket or from another source. To qualify as a health plan coupled with a Health Savings Account, the Internal Revenue Code requires the deductible to be at least $1,000 for an individual and $2,000 for a family. High-deductible plans are also known as catastrophic plans.

 

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