How to Choose a Deductible for Your Health Insurance

Deductibles are one of the toughest things a person in Buena Vista, VA will have to face when it comes to their policy. It has a huge effect on how much someone will pay for any medical costs they may have throughout the year. The deductible is how much you’ll pay per year before your health insurance will take over, and the numbers can be extremely high — as much as $6,000 or more. Most people don’t have that kind of money sitting around in their bank account!

But of course, the higher the deductible, the lower the premiums are. When you’re up against a budget, it can be difficult to balance the two out. Learn more from Stonewall Grace Insurance about how to choose a deductible so you don’t end up in hot water.

Young and Healthy

While young and healthy people aren’t immune to getting hurt or sick, most people agree that major medical expenses are a perfectly acceptable choice for them. Essentially, this means that you’re covered if something major happens to you, but that most standard services and prescriptions will be paid for out-of-pocket. It’s still a risk that you’re taking if you do happen to hit your deductible maximum though, so only you can decide if you’re comfortable playing the odds.

A Safer Choice

The better the coverage, the less likely it is that you’ll face many outside costs for your health. The pregnant, elderly, and ill all need lower deductibles so they can be assured they can get the care they need without winding up in debt. If you live in Buena Vista, VA and have more questions about how to pick the right plan for you, give Stonewall Grace Insurance a call for more information.