Skip to main content

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:

Welcome to The Murray Group Solution Center

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.

If you have additional questions regarding health insurance or if you would like to discuss and receive a quote for a personal health policy use the link below:

Contact Murray Group Insurance Expert

If you prefer to call our office number is – (518) 456-6688

You can also connect with The Murray Group further on The Murray Group Facebook Page.

If you are not quite ready to contact us about your insurance but enjoyed and/or found the information in this post useful we would very much appreciate you posting a review on GoogleYelp or Facebook.

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