Health Insurance Policies
Insurance for healthcare is split into 2 categories according to the size of your household.
Individual Health Insurance Plans
These are health insurance plans that cover only a single person. Individual health insurance plans are subsidized by tax incentives that allow those who must buy their health insurance privately to afford healthcare.
Most health insurance plans have a yearly maximum that you must pay out of pocket for healthcare. Included in the yearly maximum are your:
The amount you pay for medical care up-front
The amount you pay monthly for insurance
The amount you pay out-of-pocket after your deductible
The amount you pay out-of-pocket before your deductible
Once you have reached your yearly maximum of payments, your insurance covers any additional medical care that falls under your health insurance policy.
Healthy individuals can save on health insurance by opting for a larger deductible, allowing their monthly premium to be reduced. Individuals who need more thorough care can choose to pay higher premiums with a lower deductible.