About High Deductible Health Insurance Plans

High Deductible

• In order to qualify as a high deductible health insurance plan, an individual health insurance plan has to have a deductible higher than $1150. For family plans, the annual deductible has to be at least $2300.
  
  

Health Savings Accounts

• One of the primary benefits of high deductible health insurance plans is that they make consumers eligible for a health savings account. With this account, consumers can set aside money for health expenses on a pretax basis. Individuals can save as much as $3050 per year in this account, while families can save as much as $6150 per year.
  
  

Lower Premiums

• By getting a higher deductible on an insurance plan, consumers can significantly lower their insurance premiums. For relatively healthy people, this type of insurance plan can save a significant amount of money every year.