"The deductible is so high that this plan won't cover anything." Are these the reactions you have when you look at your health insurance? Finding that delicate balance between the affordable premium and a deductible exposure that won't break the bank is an art form that few have mastered....
High-deductible health plans (HDHPs) are affordable health insurance plans with relatively low monthly premiums. On the downside, these plans have higher deductibles and out-of-pocket maximums. This means more healthcare expenses are paid by the individual and not the insurer. Because of this, ...
Premium: This is the amount of money you’ll pay each month for the plan. Deductible: This is the amount you’ll pay before your health insurance starts to cover care, with the exception of qualifying preventive care in some cases. Make sure you note if there’s a deductible per person...
That gets us back to Angie. She had what is known as a high-deductible health plan, which typically has a deductible of US$1,000 or more. These types of plans are now the fastest growing type of health insurance. According to a major survey of employer benefits,nearly one-third of emp...
Understanding how a high-deductible health insurance plan works can help you find the coverage that may be right for you. What is a high-deductible health plan? An HDHP is any health plan that typically has a lowermonthly premiumand a higherdeductiblethan traditional plans. Here are some impo...
Understanding a High-Deductible Health Plan (HDHP) Adeductibleis the portion of an insurance claim that the insured must payout of pocketbefore the policy coverage is activated. Once an individual pays that portion of aclaim, the insurance company covers the remaining portion, as specified in th...
HDHPs are health insurance plans that charge members a lower monthly premium in exchange for a higher deductible, meaning the patient is responsible for a larger portion of the medical bill should one arise. Under the ACA,preventive serviceslike screenings, vaccinations and wellness visits...
Health Savings Accounts and High Deductible Health Insurance Plans: Implications for those with High Medical Costs, the Low-Income, and the Uninsured The Budget for Fiscal Year 2007 contains a package of new tax incentives for individuals and employees who are covered by high deductible health insu...
Aon Hewitt’s 2011 Health Insurance Trend Driver Survey explained something I had not considered before: “deductible leveraging.” That’s the term for a phenomenon that can cause high deductible health plans to have greater relative increases in premiums than plans with lower deductibles. This is...
High-deductible health plans lower employer health-care costs and employees' premiums. Health Insurance Premium: A health insurance premium is the periodic expense that must be paid to an insurance carry to obtain healthcare coverage. For man...