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How do I know if my health plan is a "qualifying (or qualified)” high-deductible health plan (HDHP)?

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• The health insurer or your employer can verify the status of your coverage. In addition, the words "qualifying (or qualified) high-deductible health plan" or a reference to IRC Section 223 will be included in the declaration page of your policy or in another official communication from the insurance company. To be a qualified plan the deductible cannot be below the annually declared minimum and out-of-pocket maximums cannot exceed the maximum as outlined below: • The minimum annual deductible cannot be less than $1,200 for individual coverage or $2,400 for family coverage in 2010; • A deductible greater than the minimum is permitted in a qualified plan, but the maximum contribution cannot be more than $3,050 for individual coverage OR $6,150 for family coverage in 2010; • The maximum out-of-pocket expenses are capped at $5,950 for individual coverage and $11,900 for family coverage in 2010; and • Deductibles and out-of-pocket maximums are adjusted annually for inflation. A ...
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• The health insurer or your employer can verify the status of your coverage. In addition, the words "qualifying (or qualified) high-deductible health plan" or a reference to IRC Section 223 will be included in the declaration page of your policy or in another official communication from the insurance company. To be a qualified plan the deductible cannot be below the annually declared minimum and out-of-pocket maximums cannot exceed the maximum as outlined below: • The minimum annual deductible cannot be less than $1,100 for individual coverage or $2,200 for family coverage in 2008; • A deductible greater than the minimum is permitted in a qualified plan, but the maximum contribution cannot be more than $2,900 for individual coverage OR $5,800 for family coverage in 2008; • The maximum out-of-pocket expenses are capped at $5,600 for individual coverage and $11,200 for family coverage; and • Deductibles and out-of-pocket maximums are adjusted annually for inflation. A qualified HDHP ...
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