High Deductible Health Insurance Can Save You Lots of Money
By Jim Westin ![]()
Choosing a high deductible health plan can reduce your monthly payments dramatically. As much as 50% in some cases. The downside of high deductible health insurance, is that you assume some of the risk for medical costs. For instance, if you were to choose a $3500 deductible, then you would be responsible to pay that amount before the health insurance begins to pay. Many of these plans offer 100% coverage once the deductible has been met, which means $3500 is the most you would have to pay in case of a serious medical issue.
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