High-Deductible Low-Premium Health Plans Becoming More Common
November 3, 2016
A recent article in the New York Times discussed how more people are switching their health insurance plans from high premium plans to high-deductible and low-premium plans. The article posed the question, Is the Risk Worth It? Unless somebody breaks a leg or has a baby, it may be the way to pay for a healthy person.
There is an obvious hidden cost to a high-deductible plan (aside from uncovered tests or medications): people on these plans tend to avoid care in order to dodge out-of-pocket pay. Furthermore, the New York Times article discussed how a percentage of people don’t know the intricacies of the plans or how to choose the plan that’s right for their condition. The overall system can also lead to a larger wealth gap in our country.
For more of this story, go to: http://www.nytimes.com/2016/11/01/business/is-high-deductible-health-insurance-worth-the-risk.html
To learn more about which insurance plan is right for you, go to: http://www.nytimes.com/2016/11/02/upshot/need-to-pick-an-insurance-plan-start-here.html?rref=collection%2Fsectioncollection%2Fhealth&action=click&contentCollection=health®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=sectionfront&_r=1