Critical-Illness-10-Things-to-Consider-when-Choosing-Medical-Insurance-Plans-MainPhoto

Critical-Illness-10-Things-to-Consider-When-Choosing-Medical-Insurance-Plans-photo5

  1. Deductibles
    A deductible is the amount of money you have to pay out-of-pocket before your insurance coverage kicks in. High deductible plans generally have lower monthly premiums, while low deductible plans have higher premiums. Unless you have a savings cushion to cover the cost of your deductible in the event you get sick, it’s best to find a policy with the lowest deductible combined with a monthly premium you can afford. If you know you’re going to have a lot of medical bills, it’s usually worth paying a higher monthly premium to get the lower deductible.