Facts About High Deductible Health Insurance

Whether we talk about routine grocery items or insurance plans, everybody wants to get his hands on good quality items at low prices. Getting a health insurance is not a cheap option as the private health insurance plans would be extremely expensive while the state-controlled health care programs would not offer you with sufficient health coverage. But the issue is that due to inflating everyday expenses, most of the people are not able to bear the costs of private health insurance plans and even some of the people are not able to bear the costs of state-controlled healthcare plans. In such a case high deductible health insurance is a very beneficial step for you.

What is a high deductible health insurance?

The concept of high deductible health insurance basically originated from USA. It is known as a health insurance plan in which you have to pay low premiums because there are high deductibles. If you are seeking for a health savings account then you must first be registered for the high deductible health insurance.

High deductible health insurance is the most suitable low cost way for you as it enables you to get the medical coverage through the tax-free route; this type of health insurance plan would be great for you if you fall into any medical emergency.

Why should I go for it?

Due to the high rising prices of everyday items, most of the people are not able to bear the premium costs of health insurance plans so if you possess sound health and physical condition then this type of health insurance would be suitable for you. Not only its cheap but it will also keep you mentally relaxed regarding any medical uncertainty as you will be possessing a health insurance. You must also keep in mind that this type of health insurance will require you to make payment from your pocket whenever you will be having any sort of routine medical examination or medical tests. But if you fall into sudden medical emergency then you wont need to worry about the medical costs as high deductible health insurance would be there to take care of the bills.

Unknown facts about high deductible insurance:

There are many unknown facts about the HDHI that most of the people dont know about for instance, this health insurance is not for everyone. All those people who fulfill the requirements of this health insurance can only get the coverage under this health insurance. Next you need to keep in mind that there are also certain limitations attached to this health insurance plan for instance you have to make certain health payments from your pocket. Not all of the medical procedures would be covered in this health insurance and it is also possible that the procedures covered would be partially covered.


High deductible health insurance also contains some of the drawbacks for instance if you have some serious sort of medical condition then it wont provide you medical coverage for that condition. Most of the people with serious medical conditions like cancer or HIV do fall under the eligibility of this health insurance plan but they find it useless.

Leave a Comment