Deductible health insurance provides coverage after the policyholder pays an established portion of the medical expenses first. This is a great type of coverage if a person seldom needs the services of a doctor or hospital. High deductible medical insurance is also an inexpensive option for employers who would not be able to afford coverage for their employees. Often times this is less expensive then plans with a lower deductible. Policies of this nature are not for everyone but they can help many individuals and families pay for their healthcare expenses.

Employers, to help offset the high deductibles, can set up a non-taxable medical savings account for their employees so they can afford this coverage. These non-taxable savings accounts are established so the employer and the employee can contribute money to the account. When the money is not used towards high deductible medical insurance or other healthcare costs, at the end of the year the amount of money in the account can be used in the next year. The accounts can help pay the deductibles as well as pay for prescriptions, medical supplies to manage diabetes.

High Deductible Health Plans are growing rapidly as Americans look for ways to save money on health insurance. If you're looking for low cost health insurance, and want coverage for serious injury or illness, a high deductible health plan may be just what you need.
A high deductible health plan is designed to protect you and your family from high medical costs and encourage preventative health care. If you are relatively healthy, this plan can save you a lot of money. This is how it works:
  1. You choose from a selection of high deductible amounts ranging from $500 all the way up to $10,000 depending on which insurance company you are working with.
  2. You agree to a health insurance plan in which you are responsible for medical costs up to the deductible amount you have chosen.
  3. After you have reached your deductible amount, the insurance company agrees to cover up to 100% of your medical costs, up to the policy limits.
Choosing a high deductible health plan can reduce your monthly payments dramatically. As much as 50% in some cases. The downside of high deductible health insurance, is that you assume some of the risk for medical costs. For instance, if you were to choose a $3500 deductible, then you would be responsible to pay that amount before the health insurance begins to pay. Many of these plans offer 100% coverage once the deductible has been met, which means $3500 is the most you would have to pay in case of a serious medical issue.