From Gregory Boop,
Your Guide to Business Insurance.
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Definition: A High Deductible Health Plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. In return for very high deductible levels (In 2007, $1,100 for single and $2,000 for family) premiums are reduced substantially. Particpants in this plan are also able to establish a Health Savings Account (HSA).

Also Known As: Abbreviation, HDHP; catastrophic health insurance plan