Sentences with phrase «higher deductibles tend»

Conversely, insurance plans with higher deductibles tend to have lower monthly premiums, but you will be responsible for more medical bills initially.

In addition, varying the amount of the deductible - the amount you are liable for before the renters insurance company pays up - will give you a better comparison; a higher deductible tends to give you a lower premium rate.

Not exact matches

Additionally, there is some evidence that people tend to be more cautious with their healthcare spending in general when they have a high - deductible plan, even for nondeductible costs, so employers are trying to slow the total spending.

High deductible plans tend to cost less monthly which makes them popular, but experts warn that it's important to make sure you choose your health and maternity insurance policy carefully.

A 2007 article in the Washington Post said that in the United States families tended to pay more out of pocket expenses for maternity insurance that had a high deductible.

Note that if you tend to have fender benders and are at the body shop frequently, your insurance company may actually require you to pay a higher deductible.

I tend to structure the most basic policy I can find to cover me in emergency or costly medical situations (with a high deductible to keep premiums low), and I take care of minor medical needs and doctors» visits with cash (here's a comparison of what I've paid to see a doctor in a few countries).

Because homeowners insurance and renters insurance are mainly meant to cover high - value items, such as your home, the deductibles — your out - of - pocket expenses towards a claim — on homeowners policies tend to be pretty high.

Typically, plans with a low monthly premium tend to have higher deductibles, copayments, and coinsurance percentages.

If, however, you don't tend to hit things, including other vehicles, and you don't drive a lot of miles or visit areas with higher crime rates, the higher deductibles could make sense for you.

If the deductible amount is inconsequential to you, then select a higher deductible as that generally tends to lower your overall premium amount.

Like with health insurance, car insurance plans tend to be cheaper if you're willing to pay a high deductible.

Higher policy limits and lower deductibles tend to be more expensive, while lower limits and higher deductibles are likely less expeHigher policy limits and lower deductibles tend to be more expensive, while lower limits and higher deductibles are likely less expehigher deductibles are likely less expensive.

However, in the individual health insurance market, where about 7 percent of the US population obtained their coverage in 2016, HMOs tend to have much higher deductibles and out - of - pocket costs.

If you choose a higher deductible value, your premium tends to decrease.