Deductible Health Insurance Plans are a good way to lower your premium and make healthcare more affordable. They are not for everyone. It is, however, worth considering if you are medically low maintenance, looking for a catastrophic plan, need insurance while you’re in-between jobs, or if you now find yourself having to pay for your own health benefits. If affordability is of key importance, then deductible medical insurance coverage may be right for you.
Kaiser Permanente offers a variety of deductible plans where doctor visits and prescription drugs are not subject to the deductible. For services other than office visits or drugs, the deductible would apply. A deductible means you will pay 100% of the medical expenses until what you’ve paid for health services adds up to the amount of the deductible. At that point, the insurance will “kick in”. Depending on the plan, you may or may not need to pay additional fees, but if you do, they will be at discounted rates. You continue to pay these copayments until you reach the maximum out-of-pocket amount. Then, subsequent services are free until the end of the calendar year. The average member does not reach their deductible, much less the maximum out-of-pocket amount. You’re likely to reach the maximum if there is a major medical incident.