How Well do You Understand Health Insurance? A recent study evaluated how well Americans think they understand health insurance vs. how well they actually understand health insurance. It turns out that although about three-quarters of people surveyed believe they know how to use their health insurance, only about 20 percent could correctly calculate the amount they would owe for a doctor’s visit. In addition, many did not understand key terms
Understanding Health Insurance Deductibles
What is a health insurance deductible? A plan’s deductible is the amount of money you must pay for your medical care before your health insurance begins to pay. Here are 6 things you need to know about health insurance deductibles: 1. Unlike other types of insurance (e.g., auto or homeowners insurance) where claims are not covered at all until the policy deductible has been met, most health insurance plans do
