The IRS Deductions Blog

Posts Tagged ‘cost’

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: Can I claim my tuition and my daughter’s health insurance deductible on my taxes?

I am a single mother and a full time student. I paid about 2,900 in tuition last year and paid about 3500 in health insurance deductible and co-pays and i work part-time in my family’s business I only make about 9,000 a year what am I able to claim as a single mother?

Answer: I do not suggest doing your taxes yourself first of all. You are eligible for many tax credits because of your income. If your child lived with you over half of the year and you paid more than half the cost of keeping up the home you are eligible to file Head of Household I believe. You should also be eligible for the EIC and the child tax credit. I go to Liberty Tax. They charge more but they can get you a much bigger refund than if you try and do them yourself. I used to file mine on my own with Turbo Tax and I missed many of the credits I was eligible for.

Items on Amazon Right Now for Deductible Tuition:

Dyslexia program tuition was a deductible medical expense.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by Thomson Gale on October 1, 2005. The length of the article is 663 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Dyslexia pro…

Funds being raised to improve Akron Rotary Camp facilities

NEW FRANKLIN — Akron Rotary Camp for Children With Special Needs officials announced a $3.5 million fundraising campaign aimed at improving their aging camping facilities.

Brehm School Tuition

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: How much is the blackberry curve deductible?

I lost my blackberry and I wanted to know how much is the insurance deductible so I can get a new one or get it through the insurance please help………

Answer: If you have ATT it is only $50

Items on Amazon Right Now for How Much Deductible:

SquareTrade 3-Year Electronics Warranty ($250-300 Items) $41.99 SquareTrade Care Plans are great value and cost 70% lower on average than traditional warranties.  Upon purchase, you will get an email confirmation.  You will not be mailed a paper contract.  If you have questions, please call: 1.877.WARRANTY….

SquareTrade 3-Year Electronics Warranty ($350-400 Items) $43.99 SquareTrade Care Plans are great value and cost 70% lower on average than traditional warranties.  Upon purchase, you will get an email confirmation.  You will not be mailed a paper contract.  If you have questions, please call: 1.877.WARRANTY….

AppleCare Protection Plan for iPhone, iPhone 3G & 3Gs $68.00 Every iPhone comes with one year of hardware repair coverage and up to two years of technical support. The AppleCare Protection Plan for Enjoy peace of mind for two full years with the AppleCare Protection Plan for iPhone, which extends your repair coverage to two years from the original purchase date of your iPhone. iPhone extends your repair coverage to two years from the original purchase date …

2-Year SquareTrade Warranty plus Accident Protection for Kindle Fire, US customers only $39.99 …

Learn about ferns at Louisville festival

Lush and lovely ferns can fill a shady glade with lacy foliage, creating an exotic, earthy atmospher

Senator Grassley’s health care solution? Get a job like his.