What is a High Deductible Health Plan?
Regulations for 2005:
An HDHP is an insurance plan that has a minimum deductible of $1,000 annually for individual coverage ($2,000 minimum for family coverage). Plans with co-pays are generally ineligible. Maximum annual out of pocket cannot exceed $5,100 for an individual or $10,200 for family. You will want to verify with your insurance provider and/or with your employer as to whether or not your insurance plan qualifies you to contribute to an HSA.

Regulations for 2006:
An HDHP is an insurance plan that has a minimum deductible of $1,050 annually for individual coverage ($2,100 minimum for family coverage). Plans with co-pays are generally ineligible. Maximum annual out of pocket cannot exceed $5,250 for an individual or $10,500 for family. You will want to verify with your insurance provider and/or with your employer as to whether or not your insurance plan qualifies you to contribute to an HSA.