Bipartisan legislation aims to get more Americans into high-deductible insurance, but perils would remain.
For thrifty consumers, there’s a lot to like in high-deductible health insurance. The plans offer low monthly premiums and those fees fully cover preventive care, including annual physicals, vaccinations, mammograms and colonoscopies, with no co-payments.
The downside is that plan participants must pay the insurers’ negotiated rate for sick visits, medicines, surgeries and other treatments up to a minimum deductible of $1,500 for individuals and $3,000 for families. Sometimes deductibles are much higher.
I went for a high deductible plan this year. Unfortunately, that made the monthly cost of a single medication more expensive than my entire premium the year before. Huge mistake, since they don’t cover prescriptions AT ALL until deductible has been hit.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !politics@beehaw.org
In-depth political discussion from around the world; if it’s a political happening, you can post it here.
Guidelines for submissions:
Where possible, post the original source of information.
If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
I went for a high deductible plan this year. Unfortunately, that made the monthly cost of a single medication more expensive than my entire premium the year before. Huge mistake, since they don’t cover prescriptions AT ALL until deductible has been hit.