0
A low deductible insurance policy simply means that, a low deductible, possibly $200 as compared to $2,000 which would be a high deductible. Often you are also given the option of choosing 80, 90 or 100% co-insurance. Co-insurance is the amount that the insurance company pays (after deductible) up to whatever is the maximum out of pocket amount.
What else can I help you with?
Where can I find low deductible insurance plan in Austin Texas?
You can set up a quote for a low deductable insurance plan online at www.etxhealthinsurance.com/texas-insurance-plans.php. They are an insurance broker and will present you with options from several different companies.
What are the options for collision repair with no deductible?
When it comes to collision repair with no deductible, you typically have two options: using insurance coverage that includes a zero-deductible option or paying for the repairs out of pocket without involving insurance.
Is it worthwhile if you travel a lot to have a low deductible insurance?
Yes, if you travel a lot it would be helpful to have a low deductible insurance. You would be out of your network most of the time, and in the case of needed medical treatment, you do not want your deductible to be so high that you cannot afford the treatment.
What are the pros and cons of purchasing an insurance plan with a low deductible?
The pros to having an insurance plan with a low deductible would be that you do not have to pay as much money out of pocket if something happens and you need to use your insurance. The con of having a low deductible is that your monthly payment will be higher than if you had chosen a plan with a higher deductible. Generaly, if you are young and healty with very few trips to the doctor, go with a higher deductible. However, be sure you choose a deductible that you can afford to pay in the event something actually does happen to you.
WHEN health insurance deductible?
WHEN WHEN when is health insurance deductible paid when? When?
Do low deductible insurance plans generally cost more than high deductible insurance plans?
Yes. That is how the insurance company makes money. They either charge low premiums and you get higher deductibles and out of pocket expenses, or charge more an give you lower deductibles and out of pocket expenses.
What are the options for home owners insurance deductibles?
There are many options, each insurance plan is customizable. It depends on personal preferences and risks you are willing to take. Some premiums are offering 500 dollar deductible which would be a more expensive option than a 1500 deductible for example.
Is there a deductible on comprehensive auto insurance?
Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.
Is it better to get a low deductible insurance policy for my teenage son?
A low deductible will mean higher premiu. Your premium will already undoubtably be high with a teenage driver on your policy so you may want to consider it.
About what percent of premiums do you pay for high deductible insurance compared to low deductible insurance?
It really is not possible to define that in percentages. But think of it this way, the higher the deductible ( the amount you pay BEFORE the insurance company begins to pay ) the lower the premium. Just do the math, if you are taking a $2,000 deductible over a $1,000 deductible , but you are only saving $200 a year, it is not a good choice. You are basically putting yourself on the hook for potentially another $1,000 in deductible to save $200.
Does HCF Health Insurance offer low cost health insurance for low income families?
"HCF has several policies available to choose from, from low cost to more costly. Insurance for low income families is available, however, the deductible will be quite high."
What is deductible for?
When you have a deductible in your plan, before your insurance starts paying for the coverage, you have to meet the deductible after which the insurance starts paying its portion.
