zInternationalStudents Blog
Saturday, February 16, 2019
- 27
Nov
2009 -
Watch that deductible, it could prove too costly
Filed Under: Health Insurance
However, mandatory or not, you are still paying for it. The health insurance should actually be of help if and when you need it. It really is very simple to understand some very basic terminology associated with a policy.
Deductible is the minimum amount you need to pay out of your pockets before the insurer will pay for the rest of the bill. Now, many students decide to buy a policy with a high deductible. The immediate advantage seems obvious, since the premium comes down drastically. But, before you accept a deal like that, remember that it can prove really costly in the longer run.
We are not saying that a high deductible in an international student insurance policy is always a bad thing. It can be a good way of keeping premiums low, but you need to understand the risk before deciding to go that way. Commenting is not available in this channel entry.