The IRS Deductions Blog

Posts Tagged ‘cheap’

Question: Does an inexpensive health care with a very Low Deductible exist?

I am searching for a health care plan that is less than $150 per month for a married couple under 35 years old with a low deductible. We are a low income family that struggles to pay medical bills. We avoid going to doctors unless it is absolutely necessary. We’re both in pretty good health, just want to have health insurance for emergencies. Does a plan like this even exist? I’ve found many that are somewhat inexpensive, but the deductible is extremely high. We don’t have children, so I don’t think we are eligible for Medicaid. Any help would be appreciated.

Answer: Nope. It doesn’t exist – or it’s a scam, or it’s a “list” – not INSURANCE.

See, the average person has just over $7,000 a year in medical expenses. The average pregnancy costs about $15,000 (averaging normal and c section deliveries, as C section rate is around 50% in some parts of the USA) If you’re 30 and healthy and not overweight, WITHOUT maternity coverage, a no/low ($250) deductible plan should cost, around $300 per month, EACH. If you want maternity, it’s about an EXTRA $300 a month, and won’t pay out for any pregnancy until you’ve held it about 18 months.

Taking on a big deductible can cut that premium in half.

BUT, if you’re healthy, and only want emergency coverage, and don’t go to the doctor, then you’d be PERFECT for a high deductible plan. Especially if you can combine it with an HSA.

Bottom line – the cheapest health care plan is always going to be through your employer, because they usually pick up at least half the tab for it.

Items on Amazon Right Now for Health Insurance Low Deductible:

Deductible-free screening encourages use of preventive care services

When they do not have to pay a health insurance deductible, people are more likely to undergo screening for conditions like cancer and high cholesterol. However, the increase is modest, and in high-deductible plans, it is quite small, according to a new study in the journal Health Services Research.

High Deductible Medical Insurance

Question: I need help understanding Health Insurance Deductibles?

Ok, so I’m going to get health insurance and I’m Having a challenge trying to understand the deductible situation. The Health Insurance I’m looking into is Blue Shield of California and they have many plans, and it seems that the prices get a bit higher when the deductible gets lower. What does the Annual Deductible Mean? Is that the amount that I have to pay off first before my insurance can cover me?

Answer: It will depend on the plan. Generally, if the plans have a doctor co-pay listed as a $ amount you do not have to pay the deductible first. If they have a percentage as the co-pay it is usually after you pay the deductible. If it is an HSA plan you pay the deductible first.

They do have several choices ranging from a basic budget plan with limited coverage up to a comprehensive plan. The comprehensive plans have a higher premium than the basic plans because they have better coverage. The lower the deductible with any plan will have a higher premium.

You also have to consider the co-insurance and maximum out of pocket cap. The budget plans will have a higher maximum and you’ll also need to pay a higher percentage.

Visit a local agent that works with Blue Shield as well as the other major plans in your area for help picking the best plan for you. The premium you pay using an agent is the same as you’d pay buying over the internet plus they can answer all your questions.

Items on Amazon Right Now for Low Deductible Health Insurance Plans:

Medical price shopping saves patients money

Patients are shopping around more and more to guarantee the best prices when going to the doctor.

Good Health Insurance Plans, HSA Qualified Low Cost Health

Question: Does any one know about any 0 Deductible Health insurance plan with low monthly payment?

State California

Answer: Ultimately, you are the one who determines the affordability of your health insurance plan by deciding how much you will participate in sharing the cost of your health care with your insurance company.

If you choose a plan that covers everything i.e. doctors office visits, prescription drugs, preventative health benefits, maternity coverage as well as low deductibles and low copays or as you desire a 0 deductible your monthly premiums will be significant.

On the other hand if you are young and healthy and rarely use the health care system you could consider a plan that covers only the major health catastrophe which will result in a relatively low monthly premium. You then can use the monthly premium savings to pay for the occasional doctor visit and still come out ahead.

You need a trusted adviser to help you through the process of purchasing health insurance so that you understand what you are purchasing. That adviser can answer questions as to what is and is not covered by the policy, explain Deductibles And Copays and show you the hospitals and doctors that participate in the network. Check with the agent that writes your home or auto insurance he/she can provide you a health insurance proposal that takes into account your budget and health situation.

Some may suggest going on line to get a quote but you probably already know that there is much more to health insurance than price. Some might even “pitch” a discount plan that is not insurance at all. Use the Internet to educate yourself but use an agent to purchase the coverage.

Items on Amazon Right Now for Low Deductible Insurance:

News in brief

Here are a selection of brief news items from this week’s paper edition, and possibly a few news briefs that didn’t make it in the paper.

Health_Insurance_Costs_Part_2

Question: Poll: Should I purchase health insurance through my husband’s work?

Plan A: wellness benefits covered 100% for the first $400. $4000/$8000 deductible then coverage is 80%, cost $50 bi-weekly for husband and spouse

Plan B: wellness benefits covered 100% for the first $350. Coinsurance 20% for visit maximum benefits $3,500 that will be paid out by insurance. Cost: $40 bi-weekly

Which is better and why. No family medical problems, I think my husband might have high blood pressure.
With plan B: My husband wouldn’t have to pay coinsurace because I work for a doctor and can have that waived. It would be with United Health Care
We are both young 23 and 25 so we are both really healthy. We have to decide by February 16 and it doesn’t become active until April 1st.

Answer: Absolutely. United health care is one of the best. Go with plan A.

Items on Amazon Right Now for High Deductible Health Insurance Plans Cost:

Year-end rush crowds pharmacies, doctors offices

Trying to get a last minute doctor or dentist appointment this week will be difficult as Tennesseans try to save on their insurance.

The Costs of Medical Health Insurance

Question: Does anybody have Affordable Health Care benefits for individuals and the entire family?

Are you or your family looking for affordable Premier Health Care Savings Plan with up to $2,000 Accident Coverage with only $100 Deductible(on or off the job at school or at play)You can go to any hospital emeigency room or doctor 24 hours a day, 7 days a week with no limit to the numbers of accidents. For more information call (414)763-9545 ask for Kiesha Cherry.And I will tell you more about the plan and what else comes with this Low-Cost savings plan.This paln is not Health Insurance because you can still have Insurance and then have the savings plan alongs with it.All you have to do is 3 easy steps just call me, then select 1 of the Plans.-Premier Savings Plan $52/mos&1time registration fee of $97 for a total of $149 for everyone you would like to include in the plan or the family and friend plan of $29/&$94 one time registration fee.Please feel free to call me and learn more about the plan.Thank You.

Answer: All this plan is doing for you is reducing the fees that are charged. Your health plan does this if it is a PPO plan already (and the fees are a part of the premium) or, you can easily do this on your own behalf. It’s stuff like this that makes the health agents that truly want to get you good benefits look bad. Buy a high deductible bare bones major medical plan before buying this. At least you will get something besides a reduced fee for your premium dollar!

Items on Amazon Right Now for Low Cost Low Deductible Health Insurance:

2009: Our year in review

It was a year of economic pain for Hancock and surrounding counties. But in the midst of that pain, there were signs of progress.

Low Cost Health Insurance Plans