What is the maximum deductible range for a High Deductible Health Plan (HDHP)?

What is the maximum deductible range for a High Deductible Health Plan (HDHP)?

• A. Up to $2000
• B. $1350-$6750
• C. From $500 to $3000
• D. $1000-$5000

Answer: (B)

A High Deductible Health Plan (HDHP) is defined by the IRS based on specific deductible and out-of-pocket maximum levels. For the given time frame relevant to the question, the IRS sets maximum deductible limits for HDHPs appropriate to the coverage tier – either self-only or family coverage. The correct range of $1350 to $6750 aligns with these federal guidelines. For self-only plans, the minimum deductible for a HDHP is $1,350, while the maximum out-of-pocket expense is generally regulated to not exceed $7,050. For family coverage, the figures are higher: the minimum deductible is set at $2,700, with a maximum out-of-pocket limit of $14,100. This framework establishes a clear range for deductibles under HDHPs, allowing for consistent understanding and expectations for both insurers and insured individuals. The other options do not meet the defined thresholds set forth by the IRS and therefore do not accurately represent the eligibility criteria for an HDHP.

A High Deductible Health Plan (HDHP) is defined by the IRS based on specific deductible and out-of-pocket maximum levels. For the given time frame relevant to the question, the IRS sets maximum deductible limits for HDHPs appropriate to the coverage tier – either self-only or family coverage.

The correct range of $1350 to $6750 aligns with these federal guidelines. For self-only plans, the minimum deductible for a HDHP is $1,350, while the maximum out-of-pocket expense is generally regulated to not exceed $7,050. For family coverage, the figures are higher: the minimum deductible is set at $2,700, with a maximum out-of-pocket limit of $14,100.

This framework establishes a clear range for deductibles under HDHPs, allowing for consistent understanding and expectations for both insurers and insured individuals.

The other options do not meet the defined thresholds set forth by the IRS and therefore do not accurately represent the eligibility criteria for an HDHP.