What does SDHP mean in HEALTHCARE

The primary difference between an SDHP and other health plans is that it allows members to customize their coverage based on individual needs. This means members can choose what type of services they want covered, such as preventative care or prescription drug coverage, and how much they are willing to spend for those services.

An SDHP works similar to other types of health plans in that members pay a premium each month for their coverage. However, with an SDHP, those premiums are deposited into a separate account earmarked for medical expenses. Then, when members incur medical expenses throughout the year, they have access to these funds in order to pay for them.

Generally speaking, no; however, some providers may place certain restrictions on what can be covered under your plan depending on the type of policy you have chosen. It's important to read your policy thoroughly so you know exactly which expenses your plan will cover.

Yes; contributions made toward an SDHP are typically tax deductible in many cases. Additionally, any payments you make toward medical bills using funds from your account may be tax-exempt as well if they meet certain criteria set by the IRS. It's important to speak with a qualified tax professional before filing any claims related to your plan so you know exactly what's allowed and what isn't.