A high deductible health insurance policy places the a level of up front cost directly on the policy holder but in exchange has significantly reduced rates versus comparable HMO or EPO health plans.
With a high deductible health plan the insured is responsible for 100% of the up front cost up to a certain dollar amount. Common deductible amounts are $1,200 or $1,500 for single.
This means that the insured is responsible for all cost up to the first $1,200 dollars and then the insurance company starts to contribute based on the policy details.
Watch this video “What is a High Deductible Health Insurance Policy?” for more details:
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