Health Insurance York PA

xxdds-healthHealth Insurance is insurance against loss from sickness or bodily injury.

It is important to understand three adjustable factors that will increase /decrease the premium you will pay. These factors are: Deductible, Co-insurance, and Office Co-pay.

Health Insurance Deductible

The part of your approved medical expenses that you pay before the health insurance plan starts paying. Most health insurance plans have a deductible. By assuming more of the risk with a higher deductible, you can reduce your premium cost.

Tip: Compare the prices of different deductibles. Select a deductible where you will "break even".

Health Co-insurance

The amount of your approved medical expenses you and the health insurance plan pay (on a percentage basis) after the deductible is met. The most common co-insurance is an 80/20 plan. This means the insurance pays 80% and you pay 20% of the approved medical expenses.

Health Insurance Office Co-pay

The flat fee that you pay every time you receive a medical service at the doctor's office. Your health insurance plan determines the dollar amount of the office co-pay. For example, you might pay $20 for every visit to your doctor; the insurance company pays the rest. Generally, the higher the office co-pay, the lower the premium.

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