Understanding Savings Premium for Long Term Financial Security
The same is true for health insurance, but the relationship between deductibles and premiums can be more complicated. There are a variety of factors that can affect the total cost of a health plan, including network size and whether or not it’s an HDHP. A lower deductible, on the other hand, generally means a higher monthly premium but will allow your health insurance to kick in sooner than a plan with a higher deductible.
Many individuals and families choose to have a low deductible.
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