Is it cheaper to increase your deductible on your health insurance? That is a choice that only you can make. We have listed a number of facts for you that may make the decision a little easier.
1. More and more people are opting for an increase in the deductible
In 2006, only 5 percent had increased the deductible. That has increased to 12 percent in 2016.
2. You will receive a discount on your monthly premium
The advantage of an increased deductible is that you receive a discount on your monthly premium. With many insurers, those discounts will be slightly lower in 2017.
3. Not everyone is more profitable with an increased deductible
80 percent of policyholders with a voluntary deductible benefit from this choice. They have more discount on their premium than they pay extra for healthcare costs. For 20 percent, the choice is not more advantageous.
4. Men more often increase their own risk Young people, people with high incomes and the highly educated also increase their deductible relatively more often. And obvious:people with low health care costs increase their deductible more often
What should you pay attention to when choosing a voluntary increase of the deductible?
Have you voluntarily increased your deductible?
