Remove 2023 Remove Life Insurance Remove Out of Pocket Cost Remove Taxes
article thumbnail

Four High Deductible Health Plan Mistakes to Avoid

InterWest Insurance Services

The average HDHP deductible for self-only coverage was $2,000 in 2023, while the minimum deductible that a plan must have to qualify as an HDHP is $1,600 ($3,200 for family coverage). HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.

article thumbnail

Four Ways to Ensure Your Group HDHP Will Fail

InterWest Insurance Services

The average HDHP deductible for self-only coverage was $2,000 in 2023, while the minimum deductible that a plan must have to qualify as an HDHP is $1,600 ($3,200 for family coverage). HSAs are tax-advantaged accounts that allow enrollees to save up to pay qualified medical expenses.