High Deductible Health Plan
- A health insurance plan that features low premiums and high deductibles. A high-deductible health plan, or HDHP for short, is used to cover catastrophic illnesses that require prolonged hospitalization and/or recovery including such illnesses as coma, cancer, heart attack or stroke.
Related Terms and Acronyms
- Deductible — Definition,
- A payment that a policyholder must make before an insurer is required to provide benefits.
- First Dollar Coverage — Definition,
- Insurance coverage that does not require the insured to pay a deductible.
- Health Insurance (HI) — Acronym,
- Insurance that covers the costs of medical expenses for insured persons.
- Point of Service Plan — Definition,
- A health insurance plan that combines the features of both health maintenance organizations and preferred provider organizations.
- Premium — Definition,
- A payment made to an insurance company for insurance coverage.
- Stop Loss Insurance — Definition,
- A low premium, high deductible insurance policy with an upper limit on coverage.