High Deductible Health Insurance Plans

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If your budget does not permit a more traditional health insurance policy, you can still protect yourself against a major medical event with a high deductible health insurance policy.

High deductible health insurance plans typically do not start providing benefits until you reach rather high out of pocket expenses. A typical high deductible health insurance policy starts providing coverage after $5000.00 in medical bills.

For younger policyholders, and especially those with young children, a high deductible health insurance policy most likely is not the best option to protect ones self against high medical expenses. However, these types of plans may be useful for those in their 30's as a temporary insurance option.

In many cases high deductible health insurance policies are not recognized by insurance companies for the purpose of covering pre-existing conditions. Many health insurance companies would consider having a high deductible health insurance policy as a lapse in insurance should you apply for more traditional coverage on an individual or employer sponsored health plan. If you are considering such a policy, consider the impact it may have on a future health insurance policy.

High deductible health insurance plans typically offer comparatively low monthly premiums. However, in most cases people that have these policies find that they are ineffective. The value in a high deductible health insurance policy is extremely limited and is typically used to protect ones assets in the event of a major medical condition.


 

High Deductible Plan

In many cases a high deductible health insurance plan is the only form of temporary health insurance many individuals and families can afford. Such plans can often save you from the catastrophic financial costs of a major medical event.
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