If health insurance companies charge monthly premiums why do they still charge yearly deductibles? That's just ridiculous.?

  • by Matt Bruns
  • Jan 09,2019
  • 11 answers

If health insurance companies charge monthly premiums why do they still charge yearly deductibles? That's just ridiculous.?


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Insurance Answers (11)

zipper 5 days ago

One a deductible is not a charge it is an amount that you must cover before they will cover it. Medication, doctors visit, hospitals. So this is not RIDICULOUS: with out that your insurance would cost a lot more even if you do not need to use it.

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nt last week

They could do it your way but the monthly would be higher.

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Rick last week

Then get a policy with zero deductibles!
You will pay much higher premiums but nothing else.

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Flower last week

To make more profit. They want you to pay your deductible and if you never meet it, they never have to pay anything out to cover your claims. I think that should be illegal but as long as the insurance lobbyists pay off Congress nothing can change. Maybe if people sue the insurance companies about that in their own state, it can change. Insurance practices are controlled in each state.

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Judy last week

If they didn't structure it that way your monthly premium would be much higher. And deductibles and copays keep people from going to a doctor or ER for a hangnail. It also alllows you to make your owm choice between a higher premium or a higher deductible.

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A Hunch last week

Why are there health insurance deductible and car insurance deductibles?
Because if:
car insurance - every minor scratch & car door ding was covered, car insurance would be too expensive/not cost effective to have
health insurance = if every cold and little stitch was covered, health insurance would be too expensive/not cost effective to have

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hzloz last week

eooapgio

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NA last week

Many people do not even get up to the deductibles. For those that don't, the insurance companies save in overhead.

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Anna D last week

It's a way of making the people who use their coverage pay a little more than those who don't. It seems fair to me.

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Casey Y last week

They don't charge deductibles, they apply them to billing...there is a difference.
I get it, health insurance is super confusing and frustrating. However, I've never heard a complaint from someone with a decent plan when they have a major life event like a heart attack...
Rack up a half million in bills and you'll never question deductibles again...

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danxp2 last week

Do you have the same question for your car insurance?

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