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High Deductible health Plan [HDHP]

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A plan with a higher deductible than a traditional insurance plan. The monthly premium is usually lower, but you pay more health care costs yourself before the insurance company starts to pay its share (your deductible). A high deductible plan (HDHP) can be combined with a health savings account (HSA), allowing you to pay for certain medical expenses with money free from federal taxes.

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Used by permission. © Tom Olin Collection, MSS-294. Ward M. Canaday Center for Special Collections, The University of Toledo Libraries.

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