Many people today worry that they might not have the right insurance plan in place. There are many moving parts and many things to know when you buy health insurance. For instance, you must know the difference between things like deductible, out of pocket maximums, carriers, etc. Many questions we get are about these benefits and what really is the difference. Well, the answer is straight forward but not very easy to decide on. Usually, the higher the deductible you choose, the less expensive the insurance plan will be. That being said, the benefits are not as rich and it might cost you in your pocket book if you start to utilize medical services a lot.
Healthier people choose higher deductible plans because they obviously use the doctors less, so they will and can take the risk. If you are approaching higher age brackets, it might make sense to choose a plan with a lower deductible. Yes, this plan may be more expensive than the average plan, but you will save money in the long run if you start to use medical services. The main thing is to know your health history and choose accordingly. That way, when you do receive care you know that you have the right coverage in place.