https://mamiverse.com/wp-content/uploads/2014/12/Critical-Illness-10-Things-to-Consider-when-Choosing-Medical-Insurance-Plans-MainPhoto.jpg 353 530 Mamiverse Team http://mamiverse.com/wp-content/uploads/2018/02/logosmallMamiverse-1.png Mamiverse Team2014-12-16 20:32:022014-12-23 16:54:28Critical Illness: 10 Things to Consider When Choosing Medical Insurance Plans
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.