You have narrowed down your medical insurance plan choices, and now it is time to decide on. Oftentimes, intuition tells us to go along with the bottom premium (your month-to-month cost) – however is that basically a good suggestion? On the subject of well being protection, selecting a plan with a excessive deductible may very well be dearer ultimately.
The reality is, your premium and your deductible (what you pay earlier than your plan pays) are extra related than you may count on. The pricing of 1 might impression that of the opposite. So, it is essential to know the variations between them and the way they work collectively so you’ll be able to select the plan that is greatest for you – and your pockets!
Premiums, deductibles, yearly maximums?
Brush up on widespread medical insurance phrases so you’ll be able to have a greater understanding of each your wants