Help with understanding and choosing the right health insurance

iVillage Member
Registered: 10-06-2013
Help with understanding and choosing the right health insurance
1
Sun, 10-06-2013 - 1:02pm
 
        
 

I am a healthy 35 year old female and need to get health insurance.  It's all very confusing to me and I want to choose an affordable option that's right for me.  I rarely go to the doctor.  The way I understand it, if I choose an option that's $100 a month and has a $10,000 deductible, am I correct in thinking that I have to pay all costs in full icluding visits and prescriptions, until I meet $10,000 per year?  Even if I were to choose a higher monthly option with a $3500 deductible, I still wouldn't meet that $3500 deductible.  It seems that the only way I would actually benefit is if an emergency situation came up, like a hospital visit.  I'm really confused and don't understand the benefit if I pay everything out of pocket until I reach that yearly deductible amount.  Can someone please help me understand?  

iVillage Member
Registered: 01-16-2013

Yes, you are correct in assuming that you would pay all costs until you get to the $10,000 deductible per year. However, that is not the only thing you will pay. You will also be responsible for any co-payments your plan requires (such as $30 per office visit or $20 per prescription) AND whatever else is not covered by your insurance. Unfortunately, most people will not benefit from a plan with a 10,000 or 20,000 deductible unless something catastrophic happens.