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...
If your company offers you a high-deductible health plan (HDHP), also known as a Health Savings Account (HSA) eligible plan, as an option, it's a good idea to become familiar with how it works. The first question people often have is how it differs from a traditional health plan. ...
A health insurance deductible is a set amount you pay for your healthcare before your insurance starts to pay. Once you max out your deductible, you pay a copayment or coinsurance for services covered by your healthcare policy, and the insurance company pays for the rest. As a general rule...
If you have high-deductible health plan coverage, you'll pay a smaller premium amount each month, but you must also pay thousands of dollars out-of-pocket.
High Deductible Health Plan AHigh-Deductible Health Planis similar to a catastrophic plan in that it enables you to pay less for your health insurance. You have higher out-of-pocket costs when compared to other plans, but it can fall under the category of an HMO, PPO, EPO, or POS plan...
This is the portion of a medical, dental or vision expense that your health insurance or plan has agreed to pay for or reimburse. Deductible This is the amount you may owe during a coverage period (usually one year) for covered health care services before your plan begins to pay. An ov...
If you're shopping for car insurance, homeowners insurance, renters insurance, or health insurance, you've likely come across the term "deductible." A deductible is an amount you'll pay before your coverage kicks in. Your deductible is a set number or amount, often chosen when you pick you...
A catastrophic health insurance plan is a private plan that comes with a low monthly premium and high deductible. You are only eligible if you are under the age of 30 or if you qualify for a hardship exemption. Hardship exemptions are given to those who cannot afford health insurance or fac...
Learn what a health insurance stipend is and how it can help with your finances. Discover the benefits and options available to you.
A health savings account, or HSA, is a tax-advantaged savings account for paying medical expenses that is available to consumers with high-deductible health insurance plans. Unlike a flexible spending account, an HSA has no deadline for spending the funds and money can be held for years. It...