What is a High Deductible Health Plan (HDHP) paired with a Health Savings Account (HSA)?

HDHP + HSA: HIGH DEDUCTIBLE HEALTH PLAN (HDHP): Has a HIGHER deductible and LOWER premium than traditional plans; the insured pays more out of pocket before coverage kicks in, in exchange for lower monthly premiums; must meet IRS minimum deductible thresholds to qualify; HEALTH SAVINGS ACCOUNT (HSA): A tax-advantaged savings account available ONLY with a qualifying HDHP; contributions are TAX-DEDUCTIBLE (pre-tax); funds grow TAX-FREE; withdrawals for QUALIFIED MEDICAL EXPENSES are TAX-FREE (triple tax advantage); funds ROLL OVER year to year (not 'use it or lose it'); the account belongs to the individual (portable); CONTRAST FSA (Flexible Spending Account): employer-based, generally 'use it or lose it,' not tied to HDHP; HDHP+HSA suits those who want lower premiums and tax-advantaged savings for medical costs; understanding HDHPs and the HSA's triple tax advantage and rollover feature is important health insurance exam content — a major plan type combination.