![]() Increasing your deductible is the easiest way to lower your premiums and, if you’re mostly healthy, might be a good idea. Your insurance will cover half of the third procedure. ![]() #COPAY MEANING FULL#Your health insurance deductible is the amount that you will have to pay annually for your health care (such as surgical procedures, blood tests, or hospitalizations) before the health insurance company pays anything.įor example, if you have a $2,500 deductible and undergo three $1,000 procedures in a year, you will have to pay the full bill for the first two procedures and $500 of the third. Read more: How much insurance should you have? Deductible Health insurance premiums vary greatly depending on what medical expenses the plan covers, which doctors you can see, and how much you’ll have to pay in other ways when you use services. If you purchase your own health insurance plan, you may have the option to pay your premium annually, quarterly, or monthly. If you belong to an employer-sponsored plan, the premium is likely deducted from each paycheck as pre-tax dollars. Your premium is the amount you pay into the insurance plan on a regular basis. Still confused? I’ll explain these terms in more detail below.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |