For HDHP and HSA information, instruct credit union members to seek advice from their tax advisor.  The information below is true as of tax year 2006. 
  • A High Deductible Health Plan, in general is an HDHP that satisfies certain requirements with respect to deductibles and out-of-pocket expenses.  The amount of the deductible affects the maximum annual amount an HSA account holder can contribute.
  • For self-only coverage, an HDHP has an annual deductible of at least $1,050 and annual outof-pocket expenses required to be paid (deductibles, co-payments and other amounts, but not premiums) not exceeding $5,250.
  • For family coverage, an HDHP has an annual deductible of at least $2,100 and annual out-of-pocket expenses required to be paid not exceeding $10,500.   

Deductibles and out-of-pocket expense amounts are normally indexed each year for inflation.