In the world of health insurance, a high deductible plan requires significantly higher out-of-pocket expenses for health care in exchange for a lower monthly premium. The California Health Interview Survey defines “high-deductible” plans as having out-of-pocket deductibles of $1,000 or more for individuals or $2,000 or more for families, and can exceed $5,000 annually.
A new report from the University of California at Los Angeles’ Center for Health Policy Research estimates that as many as three million Californians are enrolled in such health plans. Requiring deductibles in excess of $5,000, these health plans can cause enrollees to delay medical care and create financial hardships for families. According to the report “Profiling California’s Health Plan Enrollees: Findings from the 2007 California Health Interview Survey“, however, these plans may be the only viable option for many Americans. … Read more →