The answer to this question depends on your specific situation. Because you pay for health insurance in different ways, you need to know each type of cost and when you need to pay it. That will help determine the low cost health insurance choice for you. Learn more below.
This is the fee you pay every month to have health insurance coverage whether you use health care services or not.
These are the costs you owe for using health care services that aren't reimbursed by insurance. Out-of-pocket costs include:
Usually, if the premium is high, the out-of-pocket costs are lower.
Choosing a plan with a copay for services you receive often will help you minimize your out-of-pocket expenses at the time of service. If you go to the doctor often and / or take a lot of medicine, this type of plan may be the low cost health insurance option for you.
Choosing a plan with a deductible and coinsurance may help you reach your maximum out-of-pocket amount sooner. If you go to the doctor often and / or take a lot of medicine, this type of plan may be the low cost health insurance option for you.
If you don’t go to the doctor often and you don’t take medicine, you may want a plan with a lower premium. You may pay more when you get health care services, but if you don’t go to the doctor or take medicine, you won’t owe out-of-pocket costs. In this case, the low cost health insurance choice for you may be a low premium plan.
Need help choosing a low-cost health insurance plan that suits your needs? Contact our helpful customer service team at (800) 362-3310 today.