High-deductible health plan

{
  "id": "MLC-T-ECS-000875",
  "term": "High-deductible health plan",
  "field": "Economic statistics",
  "definition": "Health plan that typically features a higher deductible and lower insurance premiums than traditional health plans.\n\nNote: See Internal Revenue Service (IRS) minimum deductible amounts for coverage amounts. HDHPs include catastrophic coverage to protect against large medical expenses, but the insured are responsible for routine out-of-pocket expenses until they meet the plan deductible.",
  "abbreviation": "HDHP",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/high-deductible-health-plan/"
}