A coverage with separate deductibles might be the best choice for some families

LNKC,

When shopping for health plans, the dollar amount of the deductible is usually easy to find in plan materials. But with family coverage it may be necessary to dig deeper to find out how much you’ll owe before insurance kicks in to cover your costs. Is there one deductible for the whole family or separate deductibles for each family member embedded within the family deductible? The answer could make a big difference in your out-of-pocket costs.

In a typical plan with a single $3,000 deductible, for example, a three-person family will generally have to collectively spend that amount out of pocket for medical services before the plan starts paying, with few exceptions. But some plans have both a total deductible and separate deductibles for each family member. In that case, the same $3,000 deductible family plan might have separate $1,000 deductibles for each family member.

A plan with an embedded deductible can be a good option if a family knows one of them will likely require more medical care than the others over the course of the year, says Sabrina Corlette , project director at Georgetown University’s Center on Health Insurance Reforms.

In the example above, if one family member covered by the embedded-deductible plan has a chronic condition and expects to rack up $2,000 in medical bills, insurance will start paying after the person spends $1,000 even if the family has not reached a total of $3,000 in out-of-pocket payments. But if a plan has a single $3,000 deductible, insurance generally wouldn’t pay until the family has spent the… MORE

Market
17,804.80
+26.65 (0.15%)
48.69
+0.83 (1.73%)
2,070.65
+9.42 (0.46%)
Weather
blank
US Locations:
International Locations:  
Wichita, KS
accuweather adv logo
Current Conditions
curIcon
42°F
RealFeel®: 31°F
Humidity: 82%
Dew Point: 37°F
Cloud Cover: 100%
Visibility: 10 Miles
AccuWeather.com 5-Day Forecast
Sunday
06 weather
HI: 45°F
LO: 41°F
Monday
06 weather
HI: 52°F
LO: 32°F
Tuesday
01
HI: 40°F
LO: 24°F
Wednesday
01
HI: 41°F
LO: 30°F
Thursday
01
HI: 52°F
LO: 29°F
AccuWeather.com Map Center
State Radar
thumb160
Enlarge | Loop
Local Radar
KICT Radar Enlarge | Loop
State Satellite
thumb160
Enlarge | Loop
More from AccuWeather.com...
AccuWeather.com Video

hosted video
video icon National Forecast
AccuWeather.com Winter Center
Get the latest winter weather news from the source you trust - the AccuWeather.com Winter Center
AccuWeather.com Severe Weather
Are you under the gun for severe weather? When is that storm going to impact your town? Find out at the AccuWeather.com Severe Weather Center. Check out the severe weather risk in your area, view current watches and warnings and read severe weather discussions written by our highly trained meteorologists! Click here to view severe weather in your area.

HEADLINES

After theaters pull down shows, Sony Pictures uploads new trailer for "The Interview"

Katherine De Guzman - Fourth Estate Contributor, Local News Kansas City Hollywood, CA, United States (4E) - Sony Pictures has just released another trailer for "The Interview" and it has come just hours after the company announced the cancelation of the movie as major...MORE

Actor Ansel Elgort slams gay rumors, takes on Twitter to answer his fans

Tep Mayo - Fourth Estate Contributor Hollywood, CA, United States (4E) - "The Fault In Our Stars" actor, Ansel Elgort , 20, responded to rumors on the Internet that he might be gay by Tweeting to his 2.36 million followers, on Wednesday evening,...MORE

Freshman Tyus Jones scores 21 as Duke rips UConn

Cesar Tordesillas - 4E Sports Contributor

East Rutherford, NJ, United States (4E Sports) - Freshman point guard Tyus Jones scored 21 to lead Duke in beating Connecticut, 66-56 Thursday at IZOD Center.

Amile Jefferson...MORE

George Clooney Drafts Petition In Support of "The Interview", Nobody Signs On

June Javelosa - Fourth Estate Contributor, Local News Kansas City Hollywood, CA, United States (4E) - George Clooney has a lot to say about the recent Sony hacking—from the cyber attacks to the eventual cancellation of the film by the studio. The A-list actor is...MORE

 
appdevempire

SPORTS

Freshman Tyus Jones scores 21 as Duke rips UConn

Cesar Tordesillas - 4E Sports Contributor

East Rutherford, NJ, United States (4E Sports) - Freshman point guard Tyus Jones scored 21 to lead Duke in beating Connecticut, 66-56 Thursday at IZOD Center.

Amile Jefferson...MORE

 

Business

Compose: Distraction-Free Email Application

Cesar Tordesillas - 4E Sports Contributor

East Rutherford, NJ, United States (4E Sports) - Freshman point guard Tyus Jones scored 21 to lead Duke in beating Connecticut, 66-56 Thursday at IZOD Center.

Amile Jefferson...MORE