Should I Choose aTraditional Health Insurance Plan or a High Deductible Plan?
Should I Choose aTraditional Health Insurance Plan or a High Deductible Plan? Answer: A traditional health insurance plan works on a system of copays and deductibles. The plan helps to pay your doctor s bills, lab tests, and prescriptions from the first day. There may be an initial deductible to be met, but it is usually lower. Additionally this may not apply to doctor s visits. A high deductible plan has a high deductible that you must meet before the insurance will start paying for your office visits, lab tests and prescriptions. In order to qualify as a high deductible plan the deductible must be at least $1000.00. The average deductible is $5000.00 dollars. Often once you have reached the deductible the insurance will kick in with one hundred percent coverage and you will no longer need to pay additional costs. It may be a difficult decision to choose which type of plan to purchase. The high deductible plans have a lower premium. If you are healthy, and are looking for a way to cut
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- Should I Choose a Traditional Health Insurance Plan or a High Deductible Plan?
- Should I Choose aTraditional Health Insurance Plan or a High Deductible Plan?
