Roper Insurance Services
  • Home
  • Quotes
    • Life/Health/Financial Products >
      • Life Quote
      • Health Quote
      • Annuity Quotes
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Disability Quote
      • Final Expense Insurance Quote
      • Group Benefits Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Property/Casualty Insurance Products >
      • Auto Quote
      • Homeowner Quote
      • ATV Insurance Quote
      • Business Quote
      • Boatowner Quote
      • Business Owners Package (BOP) Insurance Quote
      • Classic Car Insurance Quote
      • Condo Quote
      • Earthquake Insurance Quote
      • Event Insurance Quote
      • Flood Quote
      • Landlords Insurance Quote
      • Insurance Bonds Quote
      • Motorcycle Quote
      • Renters Quote
      • Roadside Assistance Quote
      • RV Insurance Quote
      • Travel Quote
      • Umbrella Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Products
    • Life/Health/Financial Products >
      • Life Insurance >
        • Final Expense Coverage
        • Mortgage Protection
      • Health Insurance >
        • Medicare Supplement Coverage
      • Annuities
      • Critical Illness Insurance
      • Dental Insurance
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Group Benefits
      • Long Term Care Insurance
      • Vision Insurance
    • Property/Casualty Insurance Products >
      • Auto Insurance
      • Home Insurance
      • Business Insurance
      • ATV Insurance
      • Boat Insurance
      • Business Owners Package (BOP) Insurance
      • Classic Car Insurance
      • Condo Insurance
      • Earthquake Insurance
      • Event Insurance
      • Flood Insurance
      • Insurance Bonds
      • Landlords Insurance
      • Motorcycle Insurance
      • Renters Insurance
      • Roadside Assistance
      • RV Insurance
      • Travel Insurance
      • Umbrella Insurance
  • Blog
  • About
    • Staff Directory
    • Agency Photo Gallery
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • Local Links
    • Accessibility Statement
    • News
    • Reviews
    • Videos
  • Contact

Roper Insurance Services

The Pros and Cons of High Deductible Health Insurance

2/26/2018

0 Comments

 
Picture
With the numerous terms in a health insurance policy, it can easily be confusing.  One of the most asked about is the deductible.  In this article, let's look deeper into the definition.  Let's also look into the advantages and disadvantages of a high deductible health insurance.
What is a deductible?

A deductible is the amount of money you pay before the insurer starts to pay.  Think of it as your end of the deal.  For every expense, you first pay your part before the insurance company comes in to pay the rest of the bill. Let's look at the following example.

Your policy dictates a deductible of $500.  If you have a medical procedure that costs $1,000, you pay for the first $500.  The remaining $500 is then paid by your insurance company.  If the entire bill is $500 or less, then you will pay for the whole amount.  Your insurer will not have to pay for anything.

One aspect that you should take note of is the fact that the higher the deductible, the lower you insurance premium.  The reverse is also true, in general the lower your deductible means higher premiums.  

Advantage of high deductible plans

The biggest advantage is having lower premiums.  It is possible that you do not have reimbursements every year.  Since you're premiums are lower, you can end up saving more money.  This is advisable for people who are generally healthy and hardly visit the doctor.  However, it is also advisable to always set aside some money in case, since you will be spending more out-of-pocket if you do have a medical procedure.

Disadvantage of high deductible plans

It is possible that most of the time, you will need to fully pay for your check-ups, medicines, emergency room visits, and more.  This is because the amount for each visit does not meet the deductible amount you have set.  This will also include cost of surgeries and other procedures.  This is not recommended if you have a pre-existing condition that warrants frequent visits to a doctor.  If you are considering a pregnancy, or even getting higher in age, this is also not a good choice.

Conclusion

Choosing between a high deductible plan against a traditional policy heavily depends on your condition.  For young and healthy individuals, it can be more affordable to choose a high deductible plan.  For others, it may be wiser to choose a more traditional policy.  Another consideration would be your employment.  If your employment will cover most or all of your insurance, a traditional policy would help you save.  Know more about this by talking to your insurance agent.  

At Roper Insurance Services, we put our clients first by offering them policies that they can afford. Learn more about our products and services by calling our agency at (828) 697-6709. You can also request for a free quote by clicking here.
0 Comments



Leave a Reply.

    Share This

    Contact Us

    (828) 697-6709
    118 E Caswell St
    Hendersonville, NC 28792
    Click Here to Email Us

    Archives

    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    September 2015

    Categories

    All
    Annuities
    Auto Insurance
    Business Insurance
    Classic Car Insurance
    ​Commercial Auto Insurance
    ​Commercial Auto Insurance
    Dental Insurance
    Disability Insurance
    Event Insurance
    FAQs
    Final Expense Insurance
    Financial
    Flood Insurance
    Group Benefits
    Health
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Mortgage Protection Insurance
    Safety

    RSS Feed

Licensed to sell in North Carolina and South Carolina


Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Social Media

Facebook
Twitter
LinkedIn
​YouTube
Pinterest

Contact Us

Roper Insurance Services
118 E Caswell St
Hendersonville, NC 28792
(828) 697-6709
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash
  • Home
  • Quotes
    • Life/Health/Financial Products >
      • Life Quote
      • Health Quote
      • Annuity Quotes
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Disability Quote
      • Final Expense Insurance Quote
      • Group Benefits Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
      • Vision Insurance Quote
    • Property/Casualty Insurance Products >
      • Auto Quote
      • Homeowner Quote
      • ATV Insurance Quote
      • Business Quote
      • Boatowner Quote
      • Business Owners Package (BOP) Insurance Quote
      • Classic Car Insurance Quote
      • Condo Quote
      • Earthquake Insurance Quote
      • Event Insurance Quote
      • Flood Quote
      • Landlords Insurance Quote
      • Insurance Bonds Quote
      • Motorcycle Quote
      • Renters Quote
      • Roadside Assistance Quote
      • RV Insurance Quote
      • Travel Quote
      • Umbrella Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Products
    • Life/Health/Financial Products >
      • Life Insurance >
        • Final Expense Coverage
        • Mortgage Protection
      • Health Insurance >
        • Medicare Supplement Coverage
      • Annuities
      • Critical Illness Insurance
      • Dental Insurance
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Group Benefits
      • Long Term Care Insurance
      • Vision Insurance
    • Property/Casualty Insurance Products >
      • Auto Insurance
      • Home Insurance
      • Business Insurance
      • ATV Insurance
      • Boat Insurance
      • Business Owners Package (BOP) Insurance
      • Classic Car Insurance
      • Condo Insurance
      • Earthquake Insurance
      • Event Insurance
      • Flood Insurance
      • Insurance Bonds
      • Landlords Insurance
      • Motorcycle Insurance
      • Renters Insurance
      • Roadside Assistance
      • RV Insurance
      • Travel Insurance
      • Umbrella Insurance
  • Blog
  • About
    • Staff Directory
    • Agency Photo Gallery
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • Local Links
    • Accessibility Statement
    • News
    • Reviews
    • Videos
  • Contact