What is a qualified High Deductible Health Plan (HDHP)?

To be eligible for a Health Savings Account (HSA), you must be enrolled in a qualified High-Deductible Health Plan (HDHP).

A HDHP has a lower premium than conventional health plans, and you must meet the calendar year deductible, before the plan starts paying. Prescription drugs must be paid at contract price until the deductible is met.  HSA’s help pay for the medical expenses not covered by your HDHP— tax- free.