High-deductible plan

A high-deductible plan is a health insurance policy with lower premiums and higher deductibles than a traditional health insurance policy. It is intended to incentivize the policyholder(s) to take control of and manage their health care, and rewards them for doing so with lower premiums. Enrollment in a high deductible plan is also a requirement for having a health savings account (HSA), which allows participants to use pre-tax dollars to pay for qualified healthcare expenses.