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Monday, January 23, 2017

New study: What do health plan deductibles really mean for people with chronic illness?

Essentially, consider selecting a health insurance plan which keeps your deductible at 10% or less of your annual household income. If your annual household income is $50,000, a deductible of $5,000 may be at the limit of financial tolerance. Above this, other insurance data I've seen suggests the policy holder(s) may default on their obligations. Discuss with your financial planner.
from Rajesh Harrykissoon, MD

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