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Buyer's Guide  Get Started | Compare Plans | Calculate Savings | Why Choose Us? | Our Flexibility | Know Your Terms
Calculate Your Savings with a Higher Versus Lower Deductible Plan
By managing the trade-offs between premium and benefits, you can better meet your budget.
| Call our agents at 866-884-INFO Monday - Friday 8am - 5pm CT. Our agents will walk you through using the worksheet below to find a plan that best meets your needs. |
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Compare your premium |
| Low Deductible Plan annual premium |
High Deductible Plan annual premium |
Savings |
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Compare your out-of-pocket |
| High Deductible Plan OOP |
Low Deductible Plan OOP |
OOP Difference |
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| Savings (Savings - OOP Difference) |
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Use this worksheet to write down the plan specifics your agent gives you.
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| This is an example of Comparing two sample health plans: |
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Plan A |
Plan B |
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Low-deductible copay plan |
High-deductible plan |
| Coinsurance |
80/20
(we pay 80%, you pay 20%) |
100% |
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| Copay |
$25 Doctor Office Copay (unlimited) |
No Copay (subject to coinsurance and deductible) |
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| Deductible |
$500 |
$5,000 |
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| Out-of-pocket (OOP) Maximum |
$2,500
(includes deductible and 20% coinsurance to limit) |
$5,000
(Deductible is out-of-pocket maximum) |
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Compare your premium Printable Worksheet |
| Low Deductible Plan annual premium |
High Deductible Plan annual premium |
Savings |
| $5,400 |
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$2,556 |
= |
$2,840 |
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Compare your out-of-pocket |
| High Deductible Plan OOP |
Low Deductible Plan OOP |
OOP Difference |
| $5,000 |
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$3,500 |
= |
$1,500 |
| Savings ( Savings - OOP Difference) |
$1,340 | |
Summing up the trade-offs
Low-deductible Copay Plan
You're paying a higher monthly premium for the convenience of a lower fixed cost for everyday needs.
High-deductible Plan
You're paying a lower monthly premium for expenses you might incur. |
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Rate is for illustration only.
Annually, you will save money with a higher deductible even if you use your plan to the fullest. |
Contact
Understanding the trade-offs between plans is a good way to see where you can save money. We can show you other options, too.
For more information about Assurant Health's plans, please call 866-884-INFO (866-884-4636) or contact your local insurance agent.
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