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FAQ: What is an HSA High Deductible Health Plan (HDHP)?

PeopleKeep

The percentage of workers covered under HDHP plans has increased from four percent of all employer-sponsored health insurance plans in 2006 to 31 percent in 2020. A high deductible health plan (HDHP) paired with a Health Savings Account (HSA) is growing in popularity because it allows employees to pay for medical expenses tax-free.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% HSA value isn’t always obvious. As Seen In.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

For example, in 2006, IBM faced lawsuits over its shift from a traditional pension plan to a cash-balance plan, a change that allegedly discriminated against older workers. Changes to tax laws affecting employee benefits Tax laws are always in a state of flux, and this is no less true when it comes to those affecting employee benefits.