Costs of medical care can be high and fluctuate from year to year. One family with a chronic condition may be more likely to experience higher medical expenses than another, even if both families have had the same health care coverage.
A tool like KFF Marketplace's calculator can help find you an affordable health plan that suits your needs and budget. The site includes information on cost-sharing, deductibles and maximums.
Average Health Insurance Deductible
You will have to pay a deductible before your insurance company begins paying for you. In most cases, you and your health insurance provider will share the cost of medical services until you reach the deductible level. After you reach that level, your insurance company will cover the remaining costs.
Choose between a low or high deductible health insurance plan. Low-deductible plans have lower monthly payments, but they will require you to pay more for medical emergencies or if you become ill.
The most expensive plans are those with an annual deductible below $1,700. Lively CEO Ryan Wiik claims that Obamacare's plans carry the highest deductibles.
You might want to consider a bronze tier health insurance policy if, as a health consumer, you do not anticipate using many medical services and you don't regularly take prescriptions. This plan can be inexpensive. Bronze-tier plans have higher deductibles, but the premiums are often lower than other tiers of coverage. Bronze-tier plans may have deductibles equal to the maximum limit of $7,900 set by law for 2019.