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Day: July 10, 2019

High Deductible Health Insurance Can Save You Lots of Money

Have you heard about the new High Deductible Health Insurance Plans? These new plans can offer you major medical coverage at very low prices when compared to other types of health insurance. Let's take a look at what this type of plan is all about.

High Deductible Individual and Family Health Insurance Plans

HDHPs or High Deductible Health Plans are growing rapidly as Americans look for ways to save money on health insurance. If you're looking for low cost health insurance, and want coverage for serious injury or illness, a high deductible health plan may be just what you need.

A high deductible health plan is designed to protect you and your family from high medical costs and encourage preventive health care. If you are reliably healthy, this plan can save you a lot of money. This is how it works:

1. You choose from a selection of high deductible amounts ranging from $ 500 all the way up to $ 10,000 depending on which insurance company you are working with.

2. You agree to a health insurance plan in which you are responsible for medical costs up to the deductible amount you have chosen.

3. After you have reached your deductible amount, the insurance company agreements to cover up to 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of your medical costs, up to the policy limits.

Choosing a high deductible health plan can dramatically reduce your monthly payments dramatically. As much as 50{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} in some cases. The downside of high deductible health insurance, is that you absorb some of the risk for medical costs. For instance, if you were to choose a $ 3500 deductible, then you would be liable to pay that amount before the health insurance begins to pay. Many of these plans offer 100{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} coverage once the deductible has been met, which means $ 3500 is the most you would have to pay in case of a serious medical issue.

High Deductible Health Insurance Quotes

Because almost all major insurance companies have made their medical plans available online, you can go shopping for health insurance any time, night or day, and find high deductible individual and family health insurance quotes in a matter of minutes. …

Points To Consider With Cheap Auto Insurance

The word "cheap" means different things to different people, so the first thing you will want to do is to define what "cheap" means in your vocabulary. If it means that you want the bottom line lowest of the low prices to get cheap auto insurance, and the only thing you are concerned about is what the policy costs, then this may not be for you. But if you are looking for the best value to get the most bang for the bucks, then there are multiple places, online and offline, where you can find cheap auto insurance.

You need to understand that not all auto insurance policices are done the same way. The standard policy from one insurance carrier is significantly different than the standard policy from another insurance provider. You also need to know that whatever you get, everything comes at a cost, and sometimes if you do not pay that cost up front, you will pay it later, and there is no getting around that.

For example, the reason you are carrying cheap auto insurance is because you need the coverage, either for peace of mind or to comply with your state laws, but what happens when you get into an accident? If you have a good policy, then things are taken care of with minimal effort on your part. However, with some of the cheap auto insurance policies that are available out there, getting the insurance company to pay on a claim is going to take significant time and effort on your part. If you value your time at all, sometimes think about it and attach an hourly rate to it, you will realize that after factoring in the personal time you had to spend on getting them to cover a claim, you have not saved any money at all . In fact, you paid MORE for it!

Auto insurance policy coverage is not an exact science. First of all, you have the deductible, and the amount of the deductible could be different for the various kinds of coverage. For example, you may have it set up for $ 500 deductible on collision, but a $ 1500 deductible on comprehension or fire. The deductible amount has a drastic impact on the rate that you pay, and is the amount that you will pay out of your own pocket before the insurance company pays anything. To give an example, let's say you have $ 500 deductible on collision and you get into a minor fender bender, but the estimate to repair only comes to $ 400. The insurance company will not pay anything on that, since it is less than your deductible, and in fact, that is a case where you probably do not even want to tell your insurance company about it.

There are also differences in liability. For example, if you get into an accident where the other person sustains various severe flaws. It is not unusual these days for hospital costs to go well …