With a high-deductible health plan, you have the security of comprehensive health care coverage. Like a traditional plan, you are responsible for paying for your qualified medical expenses up to the in-network deductible; however, the deductible will be higher, and you can use HSA funds to pay for these expenses. After the annual deductible is met, you are responsible only for a portion of your medical expenses through coinsurance or co-payments, just as with a traditional health plan. For 2023, the minimum HDHP deductible by law is $1,500 for individuals and $3,000 for families. For 2023, the maximum out-of-pocket expenses by law (including deductible and co-payments, but not including premiums) cannot exceed $7,500 for individuals and $15,000 for families.

The deductible and maximum out-of-pocket expenses are indexed annually for inflation by the IRS and US Department of Treasury.