Understanding High Deductibles & PPOs: What You Need to Know
- May 18, 2023
- Ask Betty!
Welcome everyone to the 150th episode of “Ask Betty!” We’re so excited to be bringing you helpful advice, information, and tips about all things health insurance. Our question today comes from Gary_S.
To answer this question, it’s important to understand that these are two different factors: deductibles and PPOs.
Q from YOU to Ninja HQ
“High Deductibles & PPOs! How do I decipher what my family needs?”
High-Deductibles & PPOs - 2 Different Factors
As a family, it can be difficult to decipher which health insurance plan is best for you. Specifically, when it comes to your deductible and PPOs. Deciding between a high and low-deductible plan can be a difficult choice, as well as understanding how a PPO works within the insurance plan. To provide a little guidance, here is a breakdown of the differences between these two factors.
High Deductibles: Let's Review
Your deductible is the amount of money that you must pay upfront before your insurance takes effect. High deductible plans require that you pay more money upfront, however, they typically have lower monthly premiums. Low deductible plans require you to pay less upfront, but the monthly insurance costs tend to be higher. So, when it comes to deciding between a high and low deductible plan, you must weigh both out–of–pocket expenses and monthly premiums to see which one best fits your financial needs.
PPOs Factor is Your Network of Doctors
On the other hand, PPOs (Preferred Provider Organizations) are types of networks that dictate which doctors and hospitals you can use with your plan. Within a PPO, you have the freedom to choose any provider of your choice, without needing a referral for a specialist. PPO plans make the process simpler and many people consider these to be more cost effective, as people do not have to pay additional fees to see specialists.
HIgh Deductibles & PPOs: In Conclusion
In the end, your deductible and PPO will vary depending on your plan and what is convenient for you. If you are having difficulty deciding, it is always a good idea to speak to one of the Insurance Ninjas about your options and what will best benefit you and your family.
Remember, if you would like to have your health insurance question answered on the “Ask Betty!” show, simply PM your query today. If your question is chosen, you will receive a $25 Amazon gift card as a thank you for submitting such a great question.
Thanks for tuning in to Episode 150 of “Ask Betty!” – I hope this helps you on your journey to understanding health insurance plans better.
Ask Betty!
Get your bi-weekly dose of “Ask Betty!” series. This is an activity that YOU can participate in, and if YOUR question is used in an Episode, we’ll email you a $25 Amazon gift card! Good luck.
PM your insurance question to Ninja Betty via our Facebook Business page (here).
Stay in the Ninja News Loop!
Subscribe to our monthly newsletter & receive all our free resources once a month in your Inbox.
Check Us Out!
Final Expense Benefits: Financial Security for Your Aging Parents
Are you familiar with final expense benefits? As our parents age, it’s important to be prepared for the financial responsibilities that come with their final
Dental Insurance & Orthodontics: Everything You Need to Know
It’s never too early to start thinking about dental insurance, especially when it comes to Orthodontics! https://www.youtube.com/watch?v=Z7KxctSB-3U Q from YOU to Ninja HQ I’ve just
Decoding Marketplace Plans: What You Need to Know
Welcome to another exciting episode of “Ask Betty!”, where your favorite Ninja is here to answer all of your health insurance questions. Marketplace plans are
Understanding High Deductibles & PPOs: What You Need to Know
- May 18, 2023
- Ask Betty!
Intro Paragraph – include FOCUS KEYWORD
- List Item #1
- List Item #2
- List Item #3
SubHeading - include FOCUS KEYWORD
Paragraph – include FOCUS KEYWORD
SubHeading - include FOCUS KEYWORD
Paragraph – include FOCUS KEYWORD
SubHeading - include FOCUS KEYWORD
Paragraph – include FOCUS KEYWORD
SubHeading - include FOCUS KEYWORD
Paragraph – include FOCUS KEYWORD
The Ninja News Flash⚡
Get your bi-weekly dose of “Ask Betty!” series. This is an activity that YOU can participate in, and if YOUR question is used in an Episode, we’ll email you a $25 Amazon gift card! Good luck.
PM your insurance question to Ninja Betty via our Facebook Business page (here).
Stay in the Ninja News Loop!
Subscribe to our monthly newsletter & receive all our free resources once a month in your Inbox.
Check Us Out!
The Truth About Per Diem Vs Part Time: What You Need To Know
Per Diem or Part Time nursing, what’s right for you? The world of nursing today presents an excellent variety of choices for work settings and
The Best Paying Nursing Jobs of 2024: Maximize Your Earnings
Nursing jobs can be very rewarding careers, both personally and financially. The median annual salary for registered nurses (RNs) in the US is $81,220. However,
