Is a High-Deductible Health Plan Right for Me?

Understanding HDHPs

A high-deductible health plan (HDHP) is a health insurance plan with a higher annual deductible than typical plans, but lower monthly premiums. For 2025, the IRS defines an HDHP as having a minimum deductible of $1,650 for individuals or $3,300 for families, with maximum out-of-pocket costs of $8,300 for individuals or $16,600 for families. HDHPs are often a good fit if you're generally healthy and want lower premiums, want to pair your plan with an HSA for tax savings, want to invest for long-term healthcare costs, or can handle higher out-of-pocket costs in exchange for lower monthly costs.