Georgia Health Insurance 411

Posts Tagged ‘deductible’

It seems that consumers everywhere are complaining about the cost of health care and health insurance.

At the same time they are throwing away dollars like there was no tomorrow, buying phantom insurance and other ways to waste their money.

Here are a few examples.

A lady called looking for health insurance. Her current plan was increasing to over $600 per month. Among her health issues was high cholesterol. Every year her doctor ordered a lipid panel test as part of her physical exam. He also had her on an expensive cholesterol reducing med.

I suggested a carrier that would insure her but would not cover her cholesterol med or her lipid panel.

The premium was $280 less than her renewal.

The med would run $140 per month. The lipid panel around $80, once a year.

She opted to keep what she had and pay the higher premium.

She believes she has coverage but all she really has is phantom insurance. Read the rest of this entry »

Sometimes it seems health insurance is more complicated than it needs to be. This video should help explain the differences in deductibles and coinsurance.

If you have questions about this or other plan provisions, contact us.