What is the deductible?
A Medicaid deductible is much like a private insurance deductible. You must pay a certain amount of medical bills before insurance pays. Unlike private insurance, the Medicaid deductible is based on your income. If your countable income is more than the Medicaid income limit, you will have a deductible. Medicaid eligibility is usually determined for a six month period. This is called a certification period. The monthly income limit is subtracted from your family’s countable monthly income. That amount is multiplied by six. The resulting amount is your deductible for the certification period. If you must meet a deductible, Medicaid will not pay for medical expenses until after the deductible is met.
A deductible is the amount you pay for any covered repair. For instance, if your deductible is $100, and a repair is $500, then you would pay the first $100 and your extended warranty would cover the remaining $400. The most important question really is “Which deductible is right for me?” This is a question that needs to be asked and answered BEFORE you buy your warranty. The deductible has an impact on your premium, but also represents the amount your budget can handle in the event of a repair. Warranty Headquarters will help you select the right deductible for you. Can you pay for your warranty in installments? For some car owners, it is the fear of a large bill that creates interest in extended warranties. Installment plans allow you to avoid paying the full extended warranty contract amount up front, and instead pay over 6, 12 or 18 months. Click Here for a Rapid Quote!
Often, you can lower your monthly health insurance premium by buying a policy with a higher yearly deductible amount. What is the coinsurance rate? What percent of your bills for allowable services will you have to pay? What is the maximum you would pay out of pocket per year? How much would it cost you directly before the insurance company would pay everything else? Is there a lifetime maximum cap the insurer will pay? The cap is an amount after which the insurance company won’t pay anymore. This is important to know if you or someone in your family has an illness that requires expensive treatments. Return To Top Health Maintenance Organizations (HMOs) Health maintenance organizations are prepaid health plans. As an HMO member, you pay a monthly premium. In exchange, the HMO provides comprehensive care for you and your family, including doctors’ visits, hospital stays, emergency care, surgery, lab tests, x-rays, and therapy. The HMO arranges for this care either directly in its own gr
