High Deductible Plans and Saving Money:
If selecting an indemnity or PPO plan; our analysts recommend selecting
plans with high deductibles. Consider plans with deductibles as high as
$1,000 or $2,000 (when making this assessment, also take into account
the maximum out of pocket limit). When considering which deductible plan
represents the best value, calculate how much you will save by
purchasing the higher deductible. Often the amount saved will be enough
to pay the difference between the deductibles. For example, it would not
be unusual for an individual's $1,000 deductible plan to cost $50 per
month less than a $500 deductible plan. In this example, the deductible
difference is $500 and the cost difference is $600. This means that even
in the unlikely event that you met your deductible, you would still save
$100 by selecting a higher deductible!Additional Information on Individual Health Insurance
Preferred
Provider Organizations (PPOs)
Health
Maintenance (HMOs)
Deductible
Family Deductible
Deductible
Carryover
 High Deductible
Plans and Saving Money
Out of Pocket
Maximum
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