Health insurance deductibles in Alabama will soon be higher

Alibama Health Insurance Costs

Consumers have expressed concern over their ability to afford to use the coverage they’ve purchased. Residents of Alabama have been voicing frustrations over an upcoming increase to the deductibles they pay out of their own pockets for health insurance they’ve purchased under the requirements of the Affordable Care Act. They have stated that the combination of higher premiums and deductibles are making coverage less affordable. The premiums being paid for health insurance in Alabama increased by an average of 28.3 percent over the last year. This was tough on many…

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Health insurance deductibles are on the rise in the United States

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Consumers are facing higher deductibles for their health care plans More people than ever before have been able to acquire health insurance coverage, particularly through exchange marketplaces, but they are beginning to encounter a problem they may not have expected: Growing deductibles. Deductibles for employer-sponsored coverage have grown by 67% since 2010, according to the Kaiser Family Foundation. HealthPocket, a health plan comparison site, shows that the average deductible for the least expensive coverage available through exchanges stands at $5,700 for 2016. Deductibles are higher for policies with low premiums…

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Health insurance premiums are a main issue for consumers

cash money subsidy health insurance deductibles

A recent study has shown that Americans pay most attention to price when they shop for plans. Americans have made bargain shopping into an art form, and this habit has crossed over into the effort to purchase health insurance, as the cost of premiums are among the top factors that consumers consider when they buy, according to a new survey. Two thirds of consumers who switched plans on the insurance exchange said price was the deciding factor. Over half of all consumers who shopped around on the exchanges but didn’t…

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Health insurance deductibles have risen sharply since 2010

health insurance cost medical

Survey finds that deductibles for employer-sponsored coverage have grown aggressively A new survey from the Kaiser Family Foundation and the Health Research & Educational Trust has found that health insurance deductibles have risen dramatically since 2010. These deductible increases have primarily affected those with employer-sponsored coverage. Many employers have been facing greater financial strain in providing their workers with insurance coverage, especially as insurers make their plans more expensive. As a result, consumers have been facing higher out-of-pocket costs for their coverage even as premiums have continued to grow. Workers…

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New report highlights the expensive nature of health insurance

health insurance cost medical

Many people in the US cannot afford the deductible on their health insurance policies The Kaiser Family Foundation has released a new report that shows that more consumers in the United States have health insurance, but fewer of these people are actually able to afford the deductible on their policies. The Affordable Care Act has helped make insurance coverage more accessible to consumers, but the law has not made deductibles for new policies affordable. Many consumers with mid-to-high range plans are unable to afford their deductibles because of a lack…

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Understanding health insurance limitations and rules

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Health insurance continues to be a problematic and confusing issue for many people. While some may be taking steps to understand their insurance policies to the best of their capabilities, they could still be exposed to problems that are difficult to recognize. Visiting a doctor, for instance, is something that many people do not give a second thought to because they often believe that their insurance policies will cover instance of medical care. This is, however, not the case. The simple act of visiting a doctor can turn into an…

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Health insurance providers must now offer information fact sheets

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This should provide vital comparison data that assists consumers in making the best choice. As consumers find it very challenging to sift through the vast array of different complex health insurance plans, with all of their different coverages, caps, rules, regulations, and exceptions a new law has now been put into effect, which requires insurers to issue fact sheets to make this process easier. This data is meant to help people covered through their employers as well as in the individual market. Last week, the Affordable Care Act added its…

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