How do deductibles work for robustness insurance?
for example: my insurance is offering a 1000.oo dollar deductible, does this mean that i have to payment that amount first and then my coverage will be for the rest of whatever the percentage are for my insurance plan?
Answers:
yes. your deduc is $1000 do u then hold a 80/20% coverage after ded is met? lets say explicitly the case...if u need a surgical procedure that costs $5000, u must first draw together ur deduc by paying it, and then ur insur will cover the rest of the $4000 at 80%. u will be responsible for the remaining 20% until your annual out of pocket max is met. the out of pocket max is the most that u will have to foot annually to your insurance for the covered %. they usually cover at 100% once that is met.
good luck next to that. i know it can be confussing. i get confused and i work for insurance companies building insur plans for employers to assign to member....
Yep.
yes, you have to pay 1000 dollars out of pocket back the ins will kick in , which is a catastrophic plan, ours is 250 dollars.
Yes - this will most likely be an annual deductible.
The previous person's statement that that is a horrifying plan was a foolish statement. What if she's paying 8x the monthly premium that you are. Then you have a better plan.
Low deductibles are foolish to use if you are within good health. It's resembling buying a tank instead of a car. There are cheaper and more restructured ways to spend your money. Low deductible insurance costs more per month. If you rarely see the Dr., you are basically throwing away more money than you have need of to.
I hope you are taking your co-payments and premiums in consideration as well as what the insurance is covering. There is so much to consider, so I would suggest a book that help me choose my insurance called "Healthcare for Less" by Michelle Katz. The book will help you numeral out what insurance is best for you by pointing out websites and question you may not have though of past. SO to answer you question, yes, you have to earnings the first $1000 of coverage, but you may want to check out other plans that are offered such as an HSA! ANd be sure you save your receipts....you may be able to write stale that deductible in the end! You can pick up a copy of "Healthcare for Less" at Borders, Barnes and Noble, Olssons, or establish it on www.amazon.com. I hope that helps!
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Answers:
yes. your deduc is $1000 do u then hold a 80/20% coverage after ded is met? lets say explicitly the case...if u need a surgical procedure that costs $5000, u must first draw together ur deduc by paying it, and then ur insur will cover the rest of the $4000 at 80%. u will be responsible for the remaining 20% until your annual out of pocket max is met. the out of pocket max is the most that u will have to foot annually to your insurance for the covered %. they usually cover at 100% once that is met.
good luck next to that. i know it can be confussing. i get confused and i work for insurance companies building insur plans for employers to assign to member....
Yep.
yes, you have to pay 1000 dollars out of pocket back the ins will kick in , which is a catastrophic plan, ours is 250 dollars.
Yes - this will most likely be an annual deductible.
The previous person's statement that that is a horrifying plan was a foolish statement. What if she's paying 8x the monthly premium that you are. Then you have a better plan.
Low deductibles are foolish to use if you are within good health. It's resembling buying a tank instead of a car. There are cheaper and more restructured ways to spend your money. Low deductible insurance costs more per month. If you rarely see the Dr., you are basically throwing away more money than you have need of to.
I hope you are taking your co-payments and premiums in consideration as well as what the insurance is covering. There is so much to consider, so I would suggest a book that help me choose my insurance called "Healthcare for Less" by Michelle Katz. The book will help you numeral out what insurance is best for you by pointing out websites and question you may not have though of past. SO to answer you question, yes, you have to earnings the first $1000 of coverage, but you may want to check out other plans that are offered such as an HSA! ANd be sure you save your receipts....you may be able to write stale that deductible in the end! You can pick up a copy of "Healthcare for Less" at Borders, Barnes and Noble, Olssons, or establish it on www.amazon.com. I hope that helps!
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