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

In order to obtain an HSA, you must have a qualifying High-Deductible Health Plan (HDHP). An HDHP has a lower premium than conventional health plans, but has a high deductible that must be reached 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.