Cover the Gaps With Supplemental Insurance
Do you have a health insurance plan? Good to know should something happen to you, or your spouse, or a dependent, that their medical needs will be taken care of. The cost of procedures, tests, treatments, hospital and doctor costs are all taken care of. Right? Do you know what your plan's deductibles are? Co-pays ? What is the plan's maximum out-of-pocket costs ? How much of the total cost would you be on the hook for? The most you have to pay for covered services in a plan year is the amount paid on deductibles, copayments, and coinsurance. Your health insurance plan pays 100% of the costs of covered benefits. The out-of-pocket limit doesn't include your monthly premiums. It also doesn't include anything you spend for services your plan doesn't cover. For the 2020 Obamacare plan year , t he out-of-pocket limit for a Marketplace plan is $8,200 for an individual plan and $16,400 for a family plan. Private plans, includi...