What can be considered a consequence of having a high deductible health plan?

What can be considered a consequence of having a high deductible health plan?

• A. Lower out-of-pocket expenses
• B. Higher premiums
• C. Increased financial responsibility until the deductible is met
• D. More extensive coverage options

Answer: (C)

Having a high deductible health plan often leads to increased financial responsibility until the deductible is met. This means that individuals will need to pay more out-of-pocket expenses before their insurance begins to cover costs. High deductibles are designed to lower the monthly premiums for the insurance, but they shift more of the financial burden to the insured until they've met the deductible amount. This can put a strain on individuals and families, especially if they incur significant medical expenses before reaching their deductible limit. This outcome is characteristic of high deductible health plans, where the trade-off for lower premiums results in higher costs up front when accessing care.

Having a high deductible health plan often leads to increased financial responsibility until the deductible is met. This means that individuals will need to pay more out-of-pocket expenses before their insurance begins to cover costs. High deductibles are designed to lower the monthly premiums for the insurance, but they shift more of the financial burden to the insured until they've met the deductible amount. This can put a strain on individuals and families, especially if they incur significant medical expenses before reaching their deductible limit. This outcome is characteristic of high deductible health plans, where the trade-off for lower premiums results in higher costs up front when accessing care.