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Tag Archives: Health Savings Account

What is a CDHP medical plan?

The goal of a CDHP is to expose you to the financial effects of medical-related expenses, which in turn gives you greater control over your health insurance costs. CDHPs include Health Savings Accounts, Health Reimbursement Arrangements, and High-Deductible Health Plans. In order to enroll in a CDHP health savings account, known as an HSA, you […]

What are high deductible health insurance plans?

The IRS defines High Deductible Health PlansĀ (HDHP) for 2016 as those with an individual deductible of $1,300 or more and $2,600 for a family. The HDHP is a prerequisite for a Health Savings Account. The HDHP is a good match for people that do not need a lot of medical services, which favor savings for […]

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