HDHP definition

HDHP or “High Deductible Health Plan” means a plan described in Code Section 223(c)(2). (See Section III.A. of the Disclosure Statement portion of this Agreement for more information regarding when an insurance plan qualifies as a High Deductible Health Plan under Code Section 223(c)(2)).
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HDHP means high deductible health plan.
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HDHP means an IRS-qualified high-deductible health plan that allows for tax-deferred contributions to a health savings account.
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Examples of HDHP in a sentence

  • HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses.

  • We have the right to require you to provide, on a form provided by or acceptable to us, proof or certification that you are eligible to contribute to this HSA, including, but not limited to, proof or certification that you are covered by an HDHP.

  • The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year.

  • The determination for each month is based on whether, as of the first day of such month, you are eligible to contribute and whether you have self-only or family coverage under a high deductible health plan (HDHP).

  • Employees will also have the option of enrolling in a Health Savings Account (HSA) when a qualifying High Deductible Health Plan (HDHP) is selected for their medical insurance.

  • The Account Owner agrees to indemnify and hold the Custodian harmless from any adverse consequences or losses incurred based on the representations, statements, actions or inactions of the insurance company or agent that sold the Account Owner the HDHP associated with this HSA.

  • Blue Cross and Blue Shield recommends you engage a qualified tax advisor to review, on your behalf, the federal, state, local and foreign tax consequences of establishing an HDHP, making an HSA available to employees, and, if applicable, making contributions to an HSA.

  • Under an HSA Account-Based Offering, you will offer a High Deductible Health Plan (HDHP) that meets the requirements of IRS Code, Section 223 to enable your eligible employees to establish and contribute to a health savings account (HSA) to pay for qualified medical expenses of covered persons.

  • For example, without limitation, adverse tax consequences may arise from the improper maintenance of an HDHP, the improper holding of an HSA, the improper contribution of amounts to an HSA, and reimbursement from an HSA for expenditures that are not qualified medical expenses.

  • Employees will also have the option of enrolling in a Health Savings Account (HSA) when a qualifying High Deductible Health Plan (HDHP) is selected for medical insurance.


More Definitions of HDHP

HDHP means a qualifying high deductible health plan established by the Employer in accordance with Section 223 of the Code.
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HDHP means a high-deductible health plan that satisfies the requirements of Section 223(c)(2) of the Code.
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HDHP. - means a High Deductible Health Plan as detailed under Section 223 of the Code.
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