|
|
|
|
Choosing a deductible
A deductible is the amount each family member will pay up front, before your insurance kicks in. Higher deductible plans typically have lower monthly premium rates, while plans with lower deductibles generally have higher monthly premiums.
How deductibles and insurance work
After you've met your deductible, your insurance will pay 80 percent or 100 percent of your medical costs, depending on the plan you choose.
For example: You choose Plan Option 1 for a 30-day period, which has a $300 deductible and then covers 80 percent of your expenses. The chart below shows how you and HealthPartners would share the cost for a $2,600 medical bill to treat a broken arm.
| You Pay: |
HealthPartners Pays: |
| Plan Premium $60 |
80 percent coinsurance $1,840 |
| Deductible $300 |
|
| 20% coinsurance $460 |
|
| Your total responsibility $820 |
|
You save $1,840 |
Deductible options and benefit details
Short-term Individual Plan Summary of Benefits
|
|
|
|
|
|
|
