High Deductible Health Plans (HDHPs) are health insurance plans that require policyholders to pay a higher deductible before insurance coverage kicks in. This means that individuals must cover more of their initial medical expenses out-of-pocket. HDHPs often have lower monthly premiums, making them appealing for those who want to save on monthly costs. These plans are often paired with Health Savings Accounts (HSAs), which allow individuals to save money tax-free for medical expenses. HDHPs are designed to encourage consumers to be more cost-conscious about their healthcare choices, as they will be responsible for a larger portion of their medical costs until the deductible is met.