The main drawback of choosing an HDHP is having potentially high out-of-pocket costs when you receive covered services during the year. A high-deductible health plan (HDHP) is any health plan that generally has a lower monthly premium and a higher deductible than traditional plans. Here are some important details that can help you decide if a plan with a high deductible is right for you. In general, your health plan starts paying for eligible medical expenses once you've met your deductible, which means you've paid out of pocket up to the plan's deductible amount.
This applies to health plans with high deductibles, as well as traditional plans. The amount of your deductible depends on the plan you choose. If you choose a plan with a higher deductible, you may have to pay more out-of-pocket expenses to meet your deductible. A health plan with high deductibles has some advantages and disadvantages.
