Many insured Americans rely on charity due to health insurance deductibles and copays

August 16, 2019August 14, 2019 H. Cutner

Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

Health insurance deductibles in Alabama will soon be higher

March 17, 2016March 16, 2016 G. Turner

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…

Health insurance deductibles are on the rise in the United States

February 16, 2016February 13, 2016 Logan B.

cash money subsidy health insurance deductibles

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…

Health insurance premiums are a main issue for consumers

September 29, 2015September 27, 2015 H. Cutner

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…

Health insurance deductibles have risen sharply since 2010

September 28, 2015September 27, 2015 S.Vagus

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…

New report highlights the expensive nature of health insurance

March 17, 2015March 14, 2015 Logan B.

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…

Understanding health insurance limitations and rules

March 29, 2014March 28, 2014 S.Vagus

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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