Confirming If You Are Enrolled in a Qualified High Deductible Health Plan
It is important to determine the status of your health insurance coverage. In most cases, your health insurer or your employer can confirm if you are enrolled in a qualifying high-deductible health plan. Oftentimes, this information is included in the declaration page of your policy or in another official correspondence.
To meet the qualifications of a qualified high-deductible plan, the deductible levels set forth must not be below the annually declared minimum and the out-of-pocket maximums must not exceed the following specifications:
In addition, individuals must not be enrolled in a non-HDHP health plan, Medicare, or claimed as a dependent on someone else's tax return in order to qualify.
Family plans may also have additional levels of deductibles. If either the deductible for the family “umbrella” or the deductible for an individual “embedded” is below the minimum annual deductible for family coverage ($3,000) in 2023, then the plan is not a qualified HDHP.
If you are still unsure of the status of your plan, the best thing to do is to contact your insurance provider or speak to your HR professional for more assistance.