One of the most baffling health plan descriptions is the 2016 Bronze 60 health plan that states that the member is responsible for 100% coinsurance after the deductible. Most people who read this immediately shake their head and think, “I have to pay for all of my health care services EVEN AFTER I meet the deductible?” There really is no reason to buy health insurance if it never helps with the costs. The second part of the equation, not always referenced, is the calendar year maximum out-of-pocket amount of the Bronze plan which does limit a health plan members health care expenses.
Posts related to a health plan's deductible, in and out of network.
A little known provision of health plans that also are designated as being a Health Savings Account (HSA) require a single member of a family to meet double the deductible amount of an individual before coinsurance is applied to health care services. Unlike traditional family plans where any one member of the household can transition […]
The confusion over the colonoscopy billing is detailed in a new report Coverage of Colonoscopies Under the Affordable Care Act’s Prevention Benefit.
Once you set up a HSA in coordination with a High Deductible Health Plan (HDHP), the contributions you make to the HSA are deducted from your Federal taxes. You are then reimbursed for your qualified medical expenses from the HSA.