facebook pixel Explaining a High Deductible Health Plan [Infographic]
Site Search
< Blog Home < Healthcare and Insurance Basics

Explaining a High Deductible Health Plan HDHP

You’ve probably heard of a High Deductible Health Plan (HDHP)—1/3 of our SelectHealth membership has chosen this type of plan. We’ll explain what this means and what you should expect from a HDHP.

Infographic illustrating what a high deductible health plan is

You’ve probably heard of a High Deductible Health Plan (HDHP)—1/3 of our SelectHealth membership has chosen this type of plan. We’ll explain what this means and what you should expect from a HDHP.

Features of a HDHP:

  • Lower monthly premium
  • Higher deductible (typically at least $1,350 a year for individuals and $2,700 for families)
  • Certain HDHPs be combined with a Health Savings Account (HSA) to help pay for medical expenses
    • An HSA allows you to save money to pay for things like a doctor visit (copay) or prescriptions  

     

Step 1: Pay your monthly premium

The amount you pay each month for insurance coverage.

Step 2: Meet your deductible

For certain medical services and prescriptions, you pay this every year before your plan will pay for eligible charges.

Step 3: Pay a copayment

An upfront fee you pay to a doctor for medical services.

Step 4: Pay coinsurance

A percentage of charges that you pay a provider or facility after the deductible has been met (most commonly, 80/20 coverage).

Step 5: Out-of-Pocket Maximum

The maximum amount you will pay out of pocket on an annual basis (consists of your deductible, coinsurance, and copayments). If you meet the out-of-pocket maximum, eligible charges for most services are covered 100% for the rest of the year.

 

Reference: healthcare.gov

You May Also Like...

Healthy Living

Here’s Why Taking 10,000 Steps A Day Is Good for You

You may have heard the hype about walking 10,000 steps a day, but do you know the why behind it?

Nutrition and Diet

Dairy-free Hot Chocolate

Warm up with a mug of dairy-free hot chocolate—made with just a few simple ingredients.

In the Community

Is Your Organization Keeping Utah Healthy? Apply for Our Award

Each year, we recognize 20 organizations that are making a healthy difference in Utah to help support their missions.

Business

What Playing Football Taught Me about Business

Here’s how my passion for playing football has helped me off the field.

Related Articles

Related Articles

Healthcare and Insurance Basics

Do You Know the Warning Signs of Breast Cancer?

A lump in your breast isn’t the only warning sign of breast cancer—knowing all the possible signs and symptoms could save your life.

Healthcare and Insurance Basics

Here’s What You Should Know about This Year’s Flu Shot

The type of flu that’s prevalent changes every flu season—here’s what you should know about this year’s flu vaccine and how to protect you and your family from getting sick.

Healthcare and Insurance Basics

How Health Insurance Claims Are Processed

From the doctor's office to your mailbox: Here's how your health insurance claim is processed.

Healthcare and Insurance Basics

Do Flu Shots Really Work and Should I Get One?

Is it worth getting a flu shot this year? See what the CDC and other sources have to say about it.

Post Author

Sandy Patton

Sandy is a Marketing Communications Specialist and has been with SelectHealth for 15 years. Her prior roles include health education and wellness coaching.