Tips to Maximize Your High-Deductible Health Plan

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Certified Financial Planner Kimberly Foss is talking to Mae and Simone about maximizing your high-deductible health plans.

As many employers try to cut the costs of providing health insurance to workers, they're offering more high-deductible health plans. The premiums are lower, but you'll pay $1,000 or more - sometimes a lot more - out-of-pocket before the insurance coverage kicks in.

High deductibles are the rule for many plans available on the federal and state health insurance marketplaces created under the Affordable Care Act.

  • You can ask for a discount
  • You can open a health savings account
  • Save on medications (look for generic drugs)