With High Deductible Plans, how am I protected against out of control or catastrophic medical costs?
All plans have annual out of pocket maximums that protect you against extraordinary costs. Even though these out of pocket maximums may seem high, they are much lower than the cost of paying for serious medical care by yourself. When using in-network providers, all expenses are billed at “Negotiated” or “Discounted” Rates that are in most cases one half, one third or even one tenth the cost of posted hospital charges. All plans protect each insured up to at least $5 million.
All plans have annual out of pocket maximums that protect you against extraordinary costs. Even though these out of pocket maximums may seem high, they are much lower than the cost of paying for serious medical care by yourself. When using in-network providers, all expenses are billed at Negotiated or Discounted Rates that are in most cases one half, one third or even one tenth the cost of posted hospital charges. All plans protect each insured up to at least $5 million.
Related Questions
- Are there any advantages of enrolling in any of the high deductible Medicare Advantage Plans with medical savings accounts that are available in 2007?
- Is there any requirement that the insured or self-insured health plan accompanying an HRA be a high deductible or catastrophic plan?
- With High Deductible Plans, how am I protected against out of control or catastrophic medical costs?
