Understanding Health Insurance Deductibles
Health insurance deductibles are the amount of money you must pay out of pocket before your insurance starts covering costs. Typically, plans with lower premiums have higher deductibles and vice versa. Understanding your deductible helps you plan for healthcare expenses effectively.
Types of Health Insurance Plans
Health insurance plans vary widely, from Health Maintenance Organizations (HMOs) to Preferred Provider Organizations (PPOs) and high-deductible health plans (HDHPs). Each type has its pros and cons, influencing factors like cost, choice of healthcare providers, and coverage flexibility.