May have been asked but I’m a little confused on how a high deductible health plan works…
My understanding used to be: you pay out of pocket as if you had no insurance until you hit a certain deductible.
My current understanding: the insurance company and providers have a negotiated rate (say UHC says to ABC labs that their plan holders will pay 500 dollars) that you then pay, until you hit your deductible at which point insurance covers everything else.
Is this accurate? Trying to figure out the better way to go here.
Thanks everyone!
submitted by /u/denmicent
[link] [comments]May have been asked but I’m a little confused on how a high deductible health plan works… My understanding used to be: you pay out of pocket as if you had no insurance until you hit a certain deductible. My current understanding: the insurance company and providers have a negotiated rate (say UHC says to ABC labs that their plan holders will pay 500 dollars) that you then pay, until you hit your deductible at which point insurance covers everything else. Is this accurate? Trying to figure out the better way to go here. Thanks everyone! submitted by /u/denmicent [link] [comments]Read Morer/HealthInsurance