I am planning to open a 'Health Savings Account' account but I am not sure if my plan can be considered as HDHP . I would highly appreciate if someone can kindly have a look at my coverage information below and let me know if my plan qualifies as HDHP for 2017?
- Family Deductible (In-Network) : $3000
- Individual Out-of-Pocket Maximums (In-Network) : $3000
- Family Out-of-Pocket Maximums (In-Network) : $6000
- Family Deductible (Out-of-Network) : $3000
- Individual Out-of-Pocket Maximums (Out-of-Network) : $15000
- Family Out-of-Pocket Maximums (Out-of-Network) : $15000
I believe that my plan is not HDHP since the maximum out of pocket expense in my plan is $6000 against the OOP limit $13,100 mentioned on this link on IRS website.