what kind of insurance has deductibles
If you know health insurance. not take a beating. A fee-for-service plan is what most Americans think of as traditional health insurance. The deductibles and co-pays for this type of plan are generally higher than those of a managed health care provider. These fees can add up over the course of a year, but they also buy more options.
Itâs important to choose an amount you can afford to pay if you have an accidentâotherwise, you wonât be covered. However, when you agree to shoulder a little more of your accident expenses, youâll lower your rate. Itâs like your car insurance deductible and car insurance rate are on a seesaw. If you start with a $200 comprehensive and collision deductible, raising it to $500 could lower your coverage cost by 15 to 30 percent according to the Insurance Information Institute. Raising this auto insurance deductible even more, to $1,000, can save you upwards of 40 percent.