When you are looking to buy a short term health insurance plan, there are many deductible options available to you. Typical deductibles range from $1,000 to $5,000. How do you know whether to pick a high annual deductible or a lower one?
It depends on several factors, including:
- your monthly budget
- your health status
- your tolerance for risk
If you choose a high deductible, you’ll receive a lower short term health insurance quote. However, you will be responsible for more out-of-pocket cost if you require major medical care. You may be willing to take that risk if you are in generally good health.
