What is a high deductible health insurance policy?

A high deductible health insurance policy places the a level of up front cost directly on the policy holder but in exchange has significantly reduced rates versus comparable HMO or EPO health plans.

With a high deductible health plan the insured is responsible for 100% of the up front cost up to a certain dollar amount. Common deductible amounts are $1,200 or $1,500 for single.

This means that the insured is responsible for all cost up to the first $1,200 dollars and then the insurance company starts to contribute based on the policy details.

Watch this video “What is a High Deductible Health Insurance Policy?” for more details:

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This is video #48 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.

created by Ryan Hanley

What is a high deductible health insurance policy? by
Ryan Hanley

Ryan Hanley

Director of Marketing at The Murray Group
Ryan is the Director of Marketing for The Murray Group Insurance Services, Inc. Ryan is also the Founder of Content Warfare Podcast, one of the fastest growing podcasts on iTunes dedicated to digital marketing.
Ryan Hanley
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  1. […] if utilized as a secondary option to a HMO or PPO, the high deductible health plan can add significant value to the organization’s benefit […]