Choose high deductible health insurance plans

Many people are reluctant to choose a high deductible fearing its too much money out of pocket
for a major medical issue. Are you better off with a lower deductible. Lets look at some tradeoffs.

A. How much money extra money are you paying monthly for the lower deductible. Calculate that
expense and add onto the lower deductible.

B. Factor in the copay percentage that is paid before you receive any reimbursement.

C. The policy period will start again each year so look at the cost/benefit analysis in the long run.

D. Realize you have to go over the deductible/copay % before you receive any reimbursement.

You might be better off taking the higher deductible. The insurance carriers do try and entice you
to choose that option and it may make financial sense.

Health for thought.