Sentences with phrase «deductible lowers the cost of premiums»

Increasing a deductible lowers the cost of premiums, but also means a renter will need to have more money available in the event of a loss.

Increasing a deductible lowers the cost of premiums, but also means a renter will need to have more money available in the event of a loss.

Not exact matches

Early responses from the survey suggest that 46 percent of employers would take steps to cut costs with new strategies such as high - deductible health plans - which shift the burden of initial medical costs to patients, but have lower monthly premiums.

High deductible health plans help lower premiums, but also bring new frustrations in rising out - of - pocket costs.

Beyond getting more intense care, younger women may also face higher out - of - pocket costs because they're more likely to opt for insurance plans with lower monthly premiums and bigger co-payments or deductibles, said Dr. Alana Biggers, a researcher at the University of Illinois - Chicago College of Medicine who wasn't involved in the study.

The higher the deductible you choose, the lower the cost of the premium quoted.

If you want to increase your deductible, and lower the cost of your monthly premiums, the next highest dollar - amount deductible might be $ 2,500 - an amount you might not be comfortable with.

By raising your deductible, you'll likely lower your premiums so significantly you'll quickly save enough to make up the cost of a minor repair.

Increasing your deductible will lower the cost of your regular premium, making it more affordable to insure your rental property.

A higher deductible will mean you're on the hook for more of the initial cost when damage does occur, but it should lower your monthly premiums.

High - deductible health plans offer lower premiums than traditional health insurance plans, with the trade - off being much higher deductibles (the amount that the insured person must pay before the insurance company will begin covering part or all of the cost of the medical treatment or item) than traditional health insurance plans.

For example, Kirchen generally recommends carrying a lower deductible on comprehensive insurance because it represents a smaller part of the total cost of the premium, so raising that deductible won't save you much.

Increasing the deductible for a motorcycle insurance policy's comprehensive coverage will lower the cost of the premiums.

Then there's actually using it; besides office copays, spending enough for the insurance company to actually cover a serious medical expense will typically cost you thousands out of pocket (or else you're spending hundreds more a month in premiums for a low deductible and OOP maximum).

If the rising cost of coverage is a concern, there may be ways to lower your premium and surcharges, such as increasing your deductible or raising the elevation of your home to lower your flood risk.

Policy alterations like increasing your deductible and lowering your limits can also reduce your premiums, though they could end up costing you money out - of - pocket when you file a claim.

I believe your premiums are lower as a result of the high deductible, but the HSA money helps to offset that cost of those deductibles when you encounter them.

Generally, the higher your deductible, the lower the annual cost of your homeowners insurance premium.

Keep in mind that higher deductibles can help lower the cost of your premium.

Also, choosing high deductibles on your auto insurance policy in order to get lower premiums will often leave you with higher out - of - pocket costs at the time of an accident.

So, a higher deductible can substantially lower the cost of insurance premiums, but you'll have more to pay out - of - pocket before your collision benefits kick in.

Choosing a higher deductible could lower the cost of your premium by 15 - 50 %.

Higher deductibles usually lower the cost of your premiums because the insurance company won't have to pay claims for minor damage.

Trip Interruption, Travel Accident and Top - Up coverage is also available, along with deductible savings that can lower the cost of premiums even more

Commonly known as «High Deductible Health Plans» (HDHPs), these types of policies were created to lower insurance costs by offering a lower monthly premium in exchange for a higher annual dDeductible Health Plans» (HDHPs), these types of policies were created to lower insurance costs by offering a lower monthly premium in exchange for a higher annual deductibledeductible.

The Bronze is the lowest level of coverage with a $ 5,000 deductible, 30 % co-insurance and over 6,000 in out of pocket costs, not counting the premium.

Higher deductibles allow for lower premium payments, while higher policy limits will cost you more — but offer more protection in the event of a major accident.

These plans offer the lower monthly premium than Gold Health Plans, however the cost of copays and deductibles is higher.

Bronze Plans with Lower Separate Precription Deductible Blue Shield of California, Aetna, and Anthem Blue Cross offer lower premium cost bronze plans that have $ 225 - 250 prescription drug deductiLower Separate Precription Deductible Blue Shield of California, Aetna, and Anthem Blue Cross offer lower premium cost bronze plans that have $ 225 - 250 prescription drug deductilower premium cost bronze plans that have $ 225 - 250 prescription drug deductibles.

While the plan has higher monthly premiums and a higher maximum cost than our top choice, it has a lower maximum and deductible for out - of - network services.

This type of plan offers a lower monthly premium, but also requires higher out - of - pocket costs for deductibles, copayments and coinsurance.

Where bronze policies are more affordable, they include higher deductibles and annual out - of - pocket costs, whereas platinum policies come with the lowest deductibles and much higher premiums.

Your deductible directly affects the total cost of your health care in a given year; a plan with low premiums and a high deductible may cost you more in the long run if you use health services frequently.

The ACA provides two types of assistance to low - income individuals and families who buy health plans on its exchange: a tax credit to help with premiums and cost - sharing reductions (CSRs) to help with copays and deductibles.

Keep in mind that higher deductibles can help lower the cost of your premium.

Bronze plans will have the lowest monthly payments (premiums), but if you get sick or have an accident, your share of these costs (deductibles and copayments) will be higher.

Higher deductibles can help lower the cost of your premium and Foremost offers flexible payment plans.

Plans that have high out - of - pocket costs (deductibles, coinsurance, and copayments) most often have lower premiums and plans with low out - of - pocket costs have higher premiums.

The lower the deductible is, the higher the cost of the premium.

The cost of premiums is often closely tied to deductibles: you will pay more for an insurance policy that has lower deductibles, and vice versa (note that ACA - compliant plans, including employer - sponsored plans and individual market plans, cover certain preventive services at no cost to the enrollee, even if the deductible has not been met).

These plans cost more in terms of premium, but pay for more of the costs when you actually use care (i.e., with lower deductibles, co-payments and co-insurance).

However, car and home deductibles are both inversely related to cost of premium — if you raise your deductible, you lower your premium.

However, if you never have to file a claim, that low deductible will have cost you hundreds or thousands of dollars in higher premium costs over time.

Generally, the higher your deductible, the lower the annual cost of your homeowners insurance premium.

If you are willing to assume more financial risk in the form of a higher deductible, your premium cost is lower.

Increasing your deductible will lower the cost of your regular premium, making it more affordable to insure your rental property.

Lowering your deductible will reduce your out - of - pocket costs should you have to file a claim, but it will also mean higher premiums.

The premium amount you pay each month for health care is generally lower than for other QHPs, but the out - of - pocket costs for deductibles, copayments, and coinsurance are generally higher.

Bronze plans have the highest out - of - pocket costs and the lowest premiums, so you can think of them kind of like high - deductible health plans that have become so common for employer - based health insurance.

Although these plans have the highest deductibles and out - of - pocket costs allowed under the ACA, their premiums are lower than the other available options, and at least you'll have some coverage.