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)