Call Us 866-950-6844 (MVIG) ☰ ˟
Meet the Team Manage My Policy
Logo
866-950-6844 (MVIG)
  • Home
  • Get A Quote
    • Annuities
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto GAP Insurance Quote
      • Mexico Travel Insurance Quote
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
      • Workers Compensation Quote
    • Dental
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Toy Vehicles
    • Vision
    • Watercraft & Boat
    • Windstorm
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Dental
    • Flood
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Recreational VehicleImage of right arrow
      • Request ID Card for Recreational Vehicle Policy
      • Request Declaration and Coverages Page for Recreational Vehicle Policy
      • Add Recreational Vehicle to Existing Policy
      • Remove Recreational Vehicle from Existing Policy
      • Add Driver to Existing Recreational Vehicle Policy
      • Remove Driver from Existing Recreational Vehicle Policy
    • Renters
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Request Declaration and Coverages Page for Watercraft Policy
      • Add Watercraft to Existing Policy
      • Remove Watercraft from Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
    • Windstorm
  • Blog
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
Auto Icon Home Icon Business Icon Life Icon Health Icon Boat Icon
Home > Blog > What Goes Into Health Insurance Costs?
FRIDAY, APRIL 15, 2022

What Goes Into Health Insurance Costs?

When it comes to covering yourself and your family with health insurance, a few key things play a role in the company and the product you select. You need health insurance that is comprehensive, provides you with coverage that fits your needs and gives you peace of mind. But, what is the cost? Many times, individuals purchasing health insurance do not take into consideration all of the costs associated with their plans. Exactly what will you need to pay when you see your doctor?a close up of a toy

Breaking Down Your Costs

Health insurance costs range widely in terms of the dollar amount you will pay. These costs change for a variety of reason. Your age, your health, how many people are covering and the types and amounts of coverage you have all play a role in the bottom line cost of your policy.

From there, you also need to break down that cost further by the various stages of payments you will need to make.

·       Premium: This is the annual cost or payment you will need to make in exchange for health insurance. In short, this is the price tag. If you are paying monthly or quarterly, this is the fee you are paying.

·       Copay: A copay is the portion of the medical cost for the appointment or service you will pay at the time of receiving that service. For example, you may have to pay $50 for a visit to a specialist or $100 for an emergency room visit. These services tend to be payable at the time of receiving the service.

·       Deductible: A deductible is the percentage of costs you will have to pay before your insurance kicks in to cover the rest of the cost. For example, your policy may have a $2,000 deductible. After that deductible is paid, the insurance kicks in to start paying for you.

In addition to these health insurance costs, you may have to pay a portion of your medical costs if you have an 80/20 plan. You may need to pay for medications and some types of tests. The good news is you can break down your costs easily by contacting your health insurance provider and asking for details.

Need to review your coverage? Call Max Value Insurance Group at 866-950-6844 for more information on health insurance.

Posted 4:35 PM

Tags: health insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021

  • auto insurance(3)
  • health insurance(2)
  • business insurance(2)
  • life insurance(1)
  • home insurance and dog breeds(1)
  • home insurance(1)
  • rv insurance(1)

View Mobile Version
Facebook
Twitter
Instagram
Google+
Contact Us Today
Speak to an Agent
Resources
Products
Customer Service
Payment Options
Report a Claim
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us
1000 SW 86 Ct
Miami, FL 331440
info@maxvalueins.com
Mailing Address
P.O. Box 442726
Miami, FL 33144
© Copyright. All rights reserved. Powered by Insurance Website Builder.