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True, but they are either or and a High deductible plan is a disaster for many people.
by pnutjam 7y ago
True, but they are either or and a High deductible plan is a disaster for many people.
- lotsofpulp 7y agoYes, I forgot about that. But generally, since the expected cost of one's healthcare remains the same regardless of what kind of insurance plan they choose, the difference in premiums for a high deductible and low deductible plan is just the present value of the expected additional costs the insurance company has to pay because of the low deductible. In other words, you can pay more via a higher monthly premium now, and pay less when you pay for the healthcare. Or pay less for the premium now, and pay more when you pay for the healthcare. Otherwise, the insurance company wouldn't be in business for long. The difference is who gets to keep the investment earnings from the savings kept until you need healthcare.