A High Deductible Health Plan (HDHP) is a type of health insurance that features higher deductibles and lower premiums compared to traditional plans. This means that individuals must pay more out-of-pocket for their medical expenses before the insurance coverage kicks in. HDHPs are often paired with Health Savings Accounts (HSAs), allowing individuals to save money tax-free for medical costs. These plans are designed to encourage consumers to be more cost-conscious about their healthcare choices. While they can lead to lower monthly payments, it's important for individuals to assess their healthcare needs and financial situation before choosing an HDHP, as unexpected medical expenses can add up quickly.