With such a diverse range of health insurance needs today, we’re fortunate to have an equally diverse assortment of options. Though it may seem overwhelming at first, a little bit of research into the different types of health insurance plans and payment options can help you ascertain the setup that is best suited to your personal needs.
Some find that a no-deductible plan is the most convenient and economical option. There are affordable no-deductible health insurance plans that operate with either a flat rate or percentage co-pay. With these policies, you’ll only have to pay a portion of each doctor visit. Flat rate co-pays typically range between $20 and $50 per visit, whereas the most common percentage co-pay is an 80-20 plan where you pay 20% of the total visit cost and the insurance company pays for the rest. If you do plenty of shopping around before purchasing one of these policies, you can often find one well suited for you with a very low monthly rate.
But before you decide that an affordable no-deductible health insurance plan is the absolute best policy for your situation, consider carefully your expected medical needs. Co-pays do add up over time, and if you anticipate several trips to the doctor over the course of a year, you should estimate your co-pay expenses and see how that figure compares to some plans with deductibles. An affordable health insurance plan with a $2,500 annual deductible will guarantee that you won’t pay more than that amount in out-of-pocket expenses. If you may need to spend more than that in co-pays throughout the year, the premiums on the co-pay policy may need to be significantly lower than those on the deductible policy to make it a better investment.
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