Deductibles Dont Work the Way You Might Think
Health insurance deductibles work very differently thancar insurance deductibles.
But its not realistic to expect to never use health insurance.
Almost everybody needssomemedical care, even if its just a checkup.
Maybe an office visit costs $250, but the negotiated rate is $100.
You still have to pay the $100, but the other $150 disappears into thin air.
Better yet, the law requires most insurance plans to pay for certain preventive care withno cost to you.
Thats no copays, coinsurance, or deductible charges.
OK, nothing is free, so really its included in your premium.
A major caveat: Some insurance plans are consideredgrandfatheredand dont have to offer the benefits below for free.
(They might still be covered, but thats up to the plan.)
Thats because these recommendations were added later, so they got their own special grandfathering date.
Illustration by Angelica Alzona.
