2024 COLAs for Benefit Plans

* For individuals with family coverage, no amounts can be paid from the HDHP (other than for preventive care) until the requi red minimum annual deductible for family HDHP coverage has been satisfied. Thus, an HDHP is not qualified if there is an “embedded” individual deductible (i.e. e., a n individual deductible within the family (“umbrella”) deductible) that is lower than the minimum required deductible for HDHP family coverage. For example, a m ini mum annual individual deductible for 2023, if embedded, must be at least $3,000.00 (which is the 2023 minimum annual deductible for family coverage ).