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Is copayment more economical than deductible for health care insurance? |
Is copayment more economical than deductible for health care insurance? co payment and deductibles are not the same. if you select "co payments" you will always pay it for the term of the policy." Once you meet a deductible, its paid in full until the policy renews. Which is best depends on your personal circumstances. No one can annswer that question for you with out a review of your fact situation and the terms of the insurance policies. Premiums usually go down as deductibles go up. But a higher deductible means you need to have some dicipline to set money aside. Co payment plans are susally more expensive (or have less coverage) than deductible plans. So I guess the question is, "How much can you afford to pay for insurance and how much insurance do you need? Good Luck. It all depends on how many times you visit a health care professional - one or two co-payments is no biggie - but if you are going repeatedly - it sure does add up fast! When I didnt pay my deductable, they took my dentures. A co payment and a deductible work the same. Most health care insurances have both a copayment and a deductible. For example, you have a copayment for normal check-ups, but you have a deductible for surgeries and whatnot. So, to answer your question, it's not a either/or choice. you have to look at: who is going to be going to the doctor? what are the reasons for the visit? How many times you are going? than decide which is cost effective. All health care is different that is why you need to sit down and talk to HR about the plans and make THEM GRIND OUT THE LITTLE DETAILS.... Depends on your health status. If you are young and healthy, rarely see a doctor, copay is probably your best bet. |
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