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 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.
There are a number of places where one could find a high deductible health insurance plan. Some businesses that offer high deductible health insurance plans include Aetna and United Healthcare.
Not necessarily. It depends on the "Plan Year". For example, if your plan has a calendar year of January 1 through December 31, and by September 15 you have met your deductible, the new insurance carrier would have to issue a Deductible Credit Transfer because you have already met the deductible for the plan year. However, if the new plan has a plan year that runs from September 1, through August 31, then by September 15, your plan has already started to run and the deductible after September 1 only is the amount you can apply. YES
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deductible
Your premium is pretty much your monthly bill, after deciding what type of deductible you plan on choosing. The higher deductible the lower your premium will be.
Geico can make the plan affordable for you. It all depends on what kind of coverage you want and the deductible that you are willing to pay. As with all insurance the higher the deductible the cheaper the monthly payment will be.
You will have the lowest possible monthly premiums, but will have to satisfy the deductible before any insurance pays out. In some cases, the deductible can be a couple thousand dollars. One has to fully weigh the differences in the long run - it may be cheaper (and cause less headaches) to have a lower deductible insurance plan.
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.
The deductible is the amount of money that you will need to pay out of your pocket before the insurance company will pay for the surgery. Once you have proof of paying the deductible, then the provider will bill the insurance company, and they in turn will pay the provider according to how the policy states it will pay. Check your policy to see if it's an "80/20" plan or something different. An 80/20 plan means that after you pay the deductible, the insurance company will pay 80% of the bill and you will pay 20% of the bill.
It depends on the type of insurance that is right for you. How much you would like to pay a month, deductible, number of member in your plan.