High-deductible health plans are falling out of favor, CDC report says

High deductibles have never been popular among people who need a lot of care, and now these types of plans are slowly falling out of favor in American workplaces as well.

According to figures, less than 42% of people under the age of 65 had private health insurance with a high deductible in 2023. new data from the Centers for Disease Control and Prevention, released Thursday. That was the second year in a row in which a smaller percentage of Americans participated in these plans, and down from the 2018 peak of 46%.

Any health plan with a deductible of at least $1,500 for individual coverage or at least $3,000 for family coverage was considered a “high deductible” plan in 2023, according to the Domestic Tax Authorities. For this year, that one deductible thresholds were $1,600 for individuals and $3,200 for families. A deductible is the amount a person must pay in advance for medical care before their insurance takes effect.