A High-Deductible Health Plan (HDHP) is a type of health insurance that features higher deductibles than traditional plans. This means that individuals must pay more out-of-pocket for their medical expenses before the insurance starts to cover costs. HDHPs often have lower monthly premiums, making them appealing for those who want to save on monthly payments. These plans are often paired with Health Savings Accounts (HSAs), which allow individuals to save money tax-free for medical expenses. HDHPs can be beneficial for healthy individuals who do not expect to need frequent medical care, as they can save on premiums while still having coverage for unexpected health issues.