high deductible
Large out-of-pocket first
A high deductible is the amount you must pay out of pocket before insurance coverage kicks in, when that amount is set relatively high—typically several thousand dollars for health insurance.
High-deductible plans trade lower monthly premiums for greater upfront costs when you actually need care: We went with a high-deductible plan because we're young and healthy.
- insuranceContractual risk coverage
- health planOrganized healthcare financing scheme
- premiumAdded cost for better
- monthly premiumRegular payment for coverage
- copayPatient's set contribution
out-of-pocket · coverage · claim · medical · medical bills · catastrophic · savings · rainy day fund · plan · threshold · expense · healthcare · policy · coinsurance · cost sharing · enrollment · open enrollment · bronze
- healthcare systemshospital system, public hospitals, health plan, HMO, single payer
- health insurancepremium, copay, coverage, health insurance card, premiums
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- Healthcare Costshealthcare costs, healthcare spending, health spending, medical bills, medical debt
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