High-Deductible Health Plan (HDHP) with Health Savings Account (HSA):
HDHPs come with higher deductibles but lower premiums. They are often paired with Health Savings Accounts (HSAs), which allow individuals to save money tax-free for qualified medical expenses. HDHPs are a good option for those who are generally healthy and want to take advantage of potential cost savings. However, it’s essential to be financially prepared to cover the higher deductible in case of medical needs.
