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It's Not Just You -- Those Health Insurance Deductibles Are Getting Scary

Posted by New Leaders Council 4 Admin on May 20, 2015 at 7:01 PM

Originally published on Huffington Post Politics by Jonathan Cohn on May 20, 2015.

Debates about health care frequently focus on the number of people with and without insurance, because it’s a relatively straightforward thing to measure. Either you have coverage or you don’t.

But an equally important question is what kind of insurance you have -- and that includes whether your policy leaves you exposed to large, potentially crippling out-of-pocket expenses. The answer makes a big difference.

A big co-payment might discourage you from filling a prescription to treat a serious condition, or from seeing a specialist whose attention you need. If you get sick and end up in the hospital, a high deductible could leave you owing many thousands of dollars, forcing you into financial distress.

You wouldn’t be uninsured, but you would be underinsured.

You’d also have lots of company.

Read the full story here: http://www.huffingtonpost.com/2015/05/20/health-insurance-deductibles_n_7337406.html