What is CDHP insurance plan?

CDHP stands for Consumer Directed Health Plan. It’s a type of health plan that gives people more control of their health care expenses. It is a type of health benefit that empowers people to make their own decisions about their health care and the types of coverage they need. A CDHP most often pairs with a Health Savings Account (HSA), or some other tax advantage account.
An HSA is a savings account that allows people to use their pre-tax dollars to pay for a wide range of qualified health care costs, including dental and vision.
In Consumer Directed Health Plan people are often given a set amount of money that one can use toward out of pocket costs like coinsurance and deductibles. People can also add money throughout the year to their HSA, which can be used by them to pay these costs. Any balance which is left unused is of customers to keep and rolls over from year to year.