Support & FAQ

A qualified high-deductible health plan, or “HDHP,” is a type of health insurance plan. While an HDHP has a higher annual deductible than a traditional insurance plan, it also offers tremendous savings, including:

• Lower monthly premiums then traditional health insurance plans
• Coverage for preventative care services
• A limit on the total out-of-pocket payment you are required to pay, including deductibles, covered medical expenses, copayments, and co-insurance

You must be covered by a qualified HDHP to be eligible to enroll in an HSA. For individual coverage, the HDHP must have an annual deductible of at least $1,400 and annual out-of-pocket expenses (including co-payments and deductibles but not insurance premiums) must not exceed $6,900. For family coverage, the HDHP must have an annual deductible of at least $2,800 and annual out-of-pocket expenses (including co-payments and deductibles but not insurance premiums) must not exceed $13,800. These are the 2020 limits set by the IRS. These limits may change from year to year.