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 h
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.
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. You may want to use a...
Health insuranceis a type of insurance coverage that pays for medical and surgical expenses incurred by the insured individual. It provides financial protection against the high costs of healthcare, ensuring that individuals and their families can receive necessary medical treatments without facing signifi...
A health insurance premium is the amount you pay to maintain your monthly coverage, regardless of whether you need medical care.
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...
This HSA overview has been updated with info for the 2025 & 2026 tax years.A few years ago, I moved from a traditional PPO health insurance plan to ahigh deductible health plan (HDHP)that was paired with a health savings account (HSA) during my employer’sopen enrollmentperiod. Why? I’...
A health insurance deductible is the amount of money that an insured person must pay out of pocket every year for eligible healthcare services before the insurance plan begins to cover the costs. The size of the deductible varies depending on the health insurance plan. As a rule, the higher...