Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
A health insurance deductible is the amount you must pay before your benefits "kick in" and begin paying (for most services - some benefits, such as preventive care, provide coverage immediately).
The deductible amount varies by plan. For example, under the new Affordable Care Act, a catastrophic plan may feature a $6,350 deductible, a bronze plan may feature a $6,000 deductible, a silver plan may feature a $3,000 deductible, a gold plan may feature a $2,000 deductible, and a platinum plan may feature a $0 deductible. These figures are not the same for all plans on each metal level.
It's always helpful to consult with an experienced health insurance broker when you're looking for coverage. Brokers have the knowledge and experience to help you determine which carriers' plan will be most suitable for your needs.
I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
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The deductible amount varies by plan. For example, under the new Affordable Care Act, a catastrophic plan may feature a $6,350 deductible, a bronze plan may feature a $6,000 deductible, a silver plan may feature a $3,000 deductible, a gold plan may feature a $2,000 deductible, and a platinum plan may feature a $0 deductible. These figures are not the same for all plans on each metal level.
It's always helpful to consult with an experienced health insurance broker when you're looking for coverage. Brokers have the knowledge and experience to help you determine which carriers' plan will be most suitable for your needs.
I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.