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When I lived in the United States, the annual deductible was in the many thousands, even with a fairly good health insurance plan, you could easily end up with
by _p3fk 3y ago
When I lived in the United States, the annual deductible was in the many thousands, even with a fairly good health insurance plan, you could easily end up with a bill for $10,000 if you spent a few nights in the hospital. This was also the fact that the insurance would only cover up to a certain percentage of the total bill, so even if you are left owing five or 10%, that could still be quite a lot of money when the hospital is charging well into the six figures.
- Thorrez 3y ago>This was also the fact that the insurance would only cover up to a certain percentage of the total bill, so even if you are left owing five or 10% But only up to the max out of pocket, right? Once you hit the max out of pocket, you stop paying the 10%.
- _p3fk 3y agoDepends on the policy, but in my experience the out of pocket deductible is usually before any insurance is used, so you pay 100% up to the max deductible (no help from insurance on many costs), then you pay 5-10% of bills after that. But that was a few years ago so maybe policies are different now (though I doubt it).
- hellojesus 3y agoThat is accurate, but most of the plans I've seen/been on are only about $1500-$300 deductible and $6-7k out of pocket max. So while you pay the full burden of the first $1500-$3000, you only pay a percentage of anything after that and not one penny more than your max.
- Thorrez 3y agoThe max out of pocket and the deductible are 2 different things everywhere I've seen them. I don't know what an "out of pocket deductible" is. Do you have a link to a real policy like you're talking about?