The costs of health care are often substantial and they can vary from one year into the next. Even if two families share the same insurance coverage, a family with a chronic illness may have higher medical costs.
You can use a tool, such as KFF's Marketplace Calculator, to find an affordable plan of health insurance that meets your needs and fits within your budget. Site also includes information regarding deductibles as well as out-ofpocket maximums.
Average Deductible for Health Insurance
The deductible is the amount that you must pay before your health insurer begins to pay on your behalf. In most cases, the health insurance provider and you share the cost for medical services until your deductible is met. Once you reach the deductible level, your health insurer will pay the rest.
You can select a high-deductible or low-deductible plan. Low deductible plans usually have lower premiums but will cost you more if you fall ill or need to pay for a medical emergency.
The most expensive plans for individuals and families have an annual deductible of at least $1,700. Lively CEO Ryan Wiik states that Obamacare-based plans are the ones with the highest deductibles. Some options have an average deductible up to $4,000, or even higher.
You may be interested in a bronze-tier plan if you are a consumer of health care who does not expect to use many medical services or do not take prescriptions regularly. These plans can be affordable. Bronze-tier policies have higher deductibles. However, the premiums can be lower. Bronze-tier plans may have deductibles equal to the maximum limit of $7,900 set by law for 2019.