Are you confused by the world of health insurance? Don't worry, we've got you covered!
Let's start with the basics - What is a deductible? A deductible is the amount you pay out-of-pocket before your insurance kicks in
Next up, we have copayments - A copayment is a fixed dollar amount you pay for a specific medical service.
Next up, we have copayments - A copayment is a fixed dollar amount you pay for a specific medical service.
Credit- instgram
Coinsurance is a bit different. It's a fixed percentage of the cost of a medical service that you pay.
Coinsurance is a bit different. It's a fixed percentage of the cost of a medical service that you pay.
Credit- instgram
Minimum Essential Coverage (MEC) Deductible is a type of deductible that only applies to essential health benefits coverage
Minimum Essential Coverage (MEC) Deductible is a type of deductible that only applies to essential health benefits coverage
Annual Deductible is a type of deductible that requires you to pay a certain amount of out-of-pocket expenses before your insurance coverage begins.
Annual Deductible is a type of deductible that requires you to pay a certain amount of out-of-pocket expenses before your insurance coverage begins.
Credit- instgram
Proportional Deductible can make health insurance more affordable but also has drawbacks such as limited coverage and complex calculations.
Proportional Deductible can make health insurance more affordable but also has drawbacks such as limited coverage and complex calculations.
Credit- instgram
Out-of-Pocket Maximum (OOPM) is an important aspect of a health insurance policy that can provide financial protection
Out-of-Pocket Maximum (OOPM) is an important aspect of a health insurance policy that can provide financial protection
Credit- instgram
When it comes to picking a health insurance plan, it's important to do your research and understand the different types of deductibles
When it comes to picking a health insurance plan, it's important to do your research and understand the different types of deductibles
Credit- instgram
Don't be afraid to consult with a professional to ensure the best fit for you and your family.
Don't be afraid to consult with a professional to ensure the best fit for you and your family.
Credit- instgram