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. HDHPs are designed to encourage consumers to be more cost-conscious about their healthcare choices. They are suitable for those who are generally healthy and do not expect to incur significant medical expenses. However, it is essential to evaluate personal health needs before choosing this type of plan.