High-Deductible Health Plan (HDHP)

High-Deductible Health Plan (HDHP),

High-Deductible Health Plan (HDHP): What is the Meaning of High-Deductible Health Plan (HDHP)?

  • Definition of High-Deductible Health Plan (HDHP): High-deductible health insurance (HDHP) is health insurance with a minimal deduction for medical expenses. Deductions are part of a claim paid by insurance. After paying a portion of one's loss, the insured assumes the value of the other portion agreed in the contract. Generally, HDHP has a higher annual deduction than health insurance plans, and the minimum deduction varies from year to year. For 2019, 3 3,150 for individuals and 2 7,700 for families, and in 2020 it will increase to 4 1,400 and 8 2,800.

    • A deductible health insurance plan (HDHP) helps reduce insurance premiums and is the only way to qualify for a tax-saving health account (HSA).
    • In addition to serious medical emergencies, HDHP is best for healthy people who do not need health insurance.
    • HDHP is also good for wealthy families and individuals who can deduct on their own and who want the benefits of HSA.
    • HDHP is believed to be able to reduce overall health costs by raising awareness about medical costs.

Literal Meanings of High-Deductible Health Plan (HDHP)

High:

Meanings of High:
  1. To a large extent or in a certain amount.

  2. very much

  3. (Long) for or in high notes.

  4. Highlights, levels or numbers.

  5. A famous moment of happiness or success.

  6. High school (mainly used in nouns)

  7. From a vertical surface

  8. Larger than usual in number, size or intensity.

  9. Excellent in rank, status or importance.

  10. (Pitch or pitch) with frequency at the upper end of the audible range.

  11. Excitement, especially from the effects of drugs or alcohol.

  12. Strict and unpleasant odor, especially (from food) that starts to go bad.

  13. The (letter) is relatively close to the roof of the mouth with the tongue.

Sentences of High
  1. The statue is about five meters high

  2. He was one of the pioneers of chemical technology in the 20th century

  3. My voice rose with joy

  4. Commodity prices are at extraordinary levels

  5. Ups and downs in life

  6. High mountain peak

Synonyms of High

sharp, premier, elevated, high-level, high-frequency, befuddled, hallucinating, beside oneself, in seventh heaven, rapturous, walking on air, on cloud seven, jubilant, smelly, record level, prohibitive, prime, ruling, euphoric, foremost, piercing, chief, stupefied, way up, lofty, high-pitched, soaring, carried away

Deductible:

Meanings of Deductible:
  1. This is primarily a deduction from taxable income or payable tax.

  2. (In the insurance policy) The policyholder has to pay before the insurance company pays the claim.

Sentences of Deductible
  1. Taxable amount increases future taxable income, while deductible amount decreases future taxable income.

  2. Don't forget about taxes as they are paid at the highest rate on all rental income minus the following deduction expenses.

  3. The interest you pay on a mortgage is recognized as expenses less than the rental income.

  4. Instead, the employer may see this amount as a regular deduction for business expenses.

  5. When buying a home, pay close attention to your mortgage costs and interest rates.

  6. The interest subsidy as of January 1, 2002 is an expense that can be deducted from the rental income of residential buildings.

  7. In general, this method allows a 15% reduction in taxpayers' gross income from oil or gas production facilities each fiscal year.

  8. "Whether you're looking for a job or moving to a new job, be careful not to incur any potential deduction costs," says Ruth.

  9. But the company deducts because the income is calculated as employee compensation, deductible expenses.

Health:

Meanings of Health:
  1. A state of being free from disease or injury.

  2. The mental or physical condition of a person.

  3. Used to express friendly feelings about co-workers before drinking.

Sentences of Health
  1. Life threatening

  2. Take this step by step and improve your health with a short walk led by trained volunteers.

  3. I have heard that they are a health hazard for the local community at this time of year.

  4. Your concerns include potential health risks to your child and damage to your property.

  5. He believed that cleaning the first place was not a health hazard.

  6. The second most important and most widespread threat to human health is Salmonella in pigs.

Synonyms of Health

physical fitness, good health, physical health, physical state, haleness, good shape, fitness, good trim, form, good kilter, physical shape, well-being, fine fettle, here's health, skol, good luck, your health, condition, healthiness, constitution

Plan:

Meanings of Plan:
  1. Detailed advice on what to do or get.

  2. A program that facilitates the regular payment of contributions to a retirement fund, savings account, or insurance policy.

  3. Any intention or decision about what to do.

  4. A detailed map or diagram

  5. Projection drawings or diagrams on a horizontal plane, especially images that show the floor plan of a building or the floor of a building.

  6. A diagram showing how something is organized.

  7. Make up your mind and plan ahead.

  8. A project or plan (to create or create something)

  9. It is used to suggest that even the most careful planning does not always guarantee success.

  10. A systematic program of steps taken to achieve a goal.

  11. Used to express acceptance of an offer.

  12. The most reasonable course of action.

  13. It happened as planned.

Sentences of Plan
  1. This will allow residents to review the detailed plans for the proposal and talk to council staff about how they will be implemented.

  2. Members will also request a detailed plan for other proposed measures for public consultation.

  3. Lancashire County Council has offered to develop a detailed plan based on your proposal.

  4. Although plans are made at the university level, not all proposed schools are open.

  5. An additional cost is higher when applications should be heard as part of an implementation plan and project proposal.

  6. There is great concern about how this happened and why there is no plan to achieve peace.

  7. Talks are underway in both villages on whether the project can be implemented.

  8. He said the only way to achieve the project is to identify areas where costs can be reduced, and to ensure care in areas of medical need.

  9. According to a defense analyst here, when he was elected 10 months ago, he was implementing a pre-determined plan.

  10. The review will determine if the project actually achieves its original goals.

  11. The plan failed to win a narrow majority in Ankara's parliament on Saturday.

  12. The city council said the policy was no longer in line with the plan to achieve it.

Synonyms of Plan

layout, be resolved, agenda, hope, design, scale drawing, scenario, intent, make a map of, think out, plans, project, formula, programme, want, formulate, object, work out, desire, method, goal, strategy, frame

High Deductible Health Plan (HDHP),

Definition of High Deductible Health Plan (HDHP):

  • The definition of High Deductible Health Plan (HDHP) is: A type of health insurance that costs more than traditional health insurance itself, although premiums may be lower. By 2018, HSA-educated HDHPs should have a deduction of at least 1 3,150 for individual insurance and 2 7,700 for family insurance. Limit total refundable payments per year for individual coverage insured benefits to 6,650 and for domestic coverage, 13,300.

  • High Deductible Health Plan (HDHP) means: Health insurance plans are low premium, but with far more deductions than the average health insurance plan, there must also be a health savings account.

Literal Meanings of High Deductible Health Plan (HDHP)

High:

Meanings of High:
  1. For (or pitch) high note.

  2. Highlights, degrees or numbers.

  3. High school (used in most nouns)

  4. (Pitch or pitch) with frequency near the top of the audible range

  5. A strong and unpleasant odor, mainly (from food) that starts to go bad.

  6. The (letter) is relatively ready with the tongue near the roof of the mouth.

Sentences of High
  1. Financial security is at the top of your priority list

  2. Sound louder and louder

  3. This is candy butter used for cooking, it has a strong odor.

  4. In IPA, the 'i' symbol (as in most spellings) indicates a high front head.

Synonyms of High

shrill, notable, powerful, gamy, on cloud nine, at altitude, intoxicated, exorbitant, strong-smelling, big, pre-eminent, overjoyed, falsetto, high-ranking, outrageous, inflated, treble, high level, in a frenzy of delight, piping, high up, soprano, at great height, illustrious, towering, ecstatic, costly, giant, high water mark, high point

Deductible:

Meanings of Deductible:
  1. Deductions, especially from taxable income or tax debt

Sentences of Deductible
  1. The interest you pay on a mortgage can be deducted from your rental income.

  2. As of January 1, 2002, this interest subsidy is an expense that can be deducted from the rental income of residential buildings.

  3. Under the general rule, under this procedure, oil or gas production facilities deduct 15% of taxpayers' total income each tax year.

  4. But the company deducts because income is calculated as employee compensation, deductible expenses.

  5. Fortunately, mail is a deductible business expense, so you can cover some of the costs when filing taxes.

  6. More recently, large employers have called for an end to employers' reduced participation in retirement plans.

  7. There are two ways you can determine the cost of a deductible.

  8. You will have to deduct your own salary to determine any benefits.

Health:

Meanings of Health:
  1. A person's physical or mental condition.

Sentences of Health
  1. I have heard that they are a health hazard for the local population at this time of year.

  2. Your concerns include potential health risks to your child and attacks on your property.

  3. If marijuana is legalized, health risks will not be a big issue!

  4. Along with the risk of spreading the disease, the meat trade also threatens health and safety.

  5. The threat to public health is growing, said Ken Jones, an environmental health official.

  6. The FSA has emphasized that bottled water is not an immediate threat to public health.

  7. Stores endanger the health of consumers by selling food after its expiration date.

Plan:

Meanings of Plan:
  1. Drawings or diagrams made by projection on a horizontal plane, especially an image that shows the floor of a building or the floor of a building.

  2. Design or plan

  3. They used to accept an offer.

Sentences of Plan
  1. Members may also request a more detailed plan for other proposed actions for public consultation.

  2. An additional cost is higher when entries must be heard as part of the proposed schedule and schedule.

  3. He said the only way to make the project a reality is to identify areas where costs can be reduced, and care in areas of medical needs can be ensured.

  4. According to a defense analyst here, he was developing a pre-existing plan when he was selected 10 months ago.

  5. This review will determine if the project actually achieves its original goals.

  6. Why can't the Scottish Health Service's theoretical plans and practical achievements be combined?

  7. They are two-dimensional symbols that tell us how to make plans to achieve our desires.

Synonyms of Plan

contrive, devise, system, contemplate, foresee, target, aspiration, outline, arrange, make a drawing of, chalk out, diagram, arrangement, suggestion, have in mind, mean, propose, recipe, plan of action, proposal, prepare, draw up a plan of