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Is $250 deductible with 1005 coinsurance betterthan$500 dedu

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Posted: Mon Dec 05, 2011 4:15 am   Post subject: Is $250 deductible with 1005 coinsurance betterthan$500 dedu   My policy has a $250 deductible, 100% co insurance with No annual of pocket max. What does this mean?	plfrederick New member Joined: 05 Dec 2011 Posts: 1 1.12 Dollars($)
Posted: Thu Dec 22, 2011 2:37 pm   Post subject:    It means: $250 deductible – This is the amount that you will have to pay out of your pocket after which your policy's coverage will kick in. 100% Co-Insurance – This means that once the deductible amount has been paid the insurance company will take care of the entire bill for anything that is covered under the policy. No Annual Out-of-Pocket Maximum – The annual out-of-pocket maximum is the most that you will need to pay out of your own pocket in a year. Once the cap has been reached the insurance company fully covers all succeeding costs. Technically, with 100% co-insurance you wouldn't need to pay anything out of your pocket for costs covered by your policy. Read the policy document carefully to know more. _________________ Register Now to have your Insurance queries solved.	Troubleshooter Guest

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