Augusta
VIP Contributor
When you take out health insurance policies apart from the monthly premiums you would need to pay, you would need to pay for your deductible.
Health insurance deductibles one of the part of the expenses you must pay as an health insured before the insurance company starts to pay some of the costs. This bring to the rule which states that the lower the health insurance deductible, the more expensive the policy and the higher the deductible the lower the premium.
Other pay that should be made are the copays which is the set amounts to be paid for particular healthcare expenses. Another expenses you are expected to pay is the coinsurance. when you meet your deductible, you sl be expected to pay part of your healthcare costs, doing this will enable the insurance company to pay for the rest. This is termed coinsurance.The coinsurance will continue to be paid by you till you meet your out-of-pocket maximum for a given period.
The fact remains that most plans need insured to pay both for copays and coinsurance. So this is not for all health plans. Those plans that don't require copay or coinsurance come with higher premiums but lower deductibles.
With health insurance an insured must pay out-of-pocket before the insurer starts sharing cost
Health insurance deductibles one of the part of the expenses you must pay as an health insured before the insurance company starts to pay some of the costs. This bring to the rule which states that the lower the health insurance deductible, the more expensive the policy and the higher the deductible the lower the premium.
Other pay that should be made are the copays which is the set amounts to be paid for particular healthcare expenses. Another expenses you are expected to pay is the coinsurance. when you meet your deductible, you sl be expected to pay part of your healthcare costs, doing this will enable the insurance company to pay for the rest. This is termed coinsurance.The coinsurance will continue to be paid by you till you meet your out-of-pocket maximum for a given period.
The fact remains that most plans need insured to pay both for copays and coinsurance. So this is not for all health plans. Those plans that don't require copay or coinsurance come with higher premiums but lower deductibles.
With health insurance an insured must pay out-of-pocket before the insurer starts sharing cost
