What Does Qualified High-Deductible Health Plan Mean?

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What does Qualified High-Deductible Health Plan mean? Read on to discover the definition & meaning of the term Qualified High-Deductible Health Plan - to help you better understand the language used in insurance policies.

Qualified High-Deductible Health Plan

Qualified High-Deductible Health Plan

A qualified high-deductible health plan is a health insurance plan that has lower premiums and higher deductibles compared to many other health insurance plans. To be considered high-deductible, a health insurance plan must have an annual deductible amount that falls within a certain range. The actual range can vary from year to year. In 2013, the range was between $1,250 and $6,250 for individuals and between $2,500 and $12,500 for families.

We hope the you have a better understanding of the meaning of Qualified High-Deductible Health Plan.

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