Get out your calculators, it’s time for a quiz!
Doesn’t figuring out your insurance deductibles seem difficult enough? Let’s simplify and break it down. We can do the math together. No calculator needed…because that would be cruel and unusual punishment, right?
Let’s look at as example of how deductibles, coinsurance and maximum limits work. For more information on understanding how health insurance works, explore our website, call us at the number on the back of your Membership ID card, or visit our mobile health insurance center in your area.
So what about my premium? What does it do?The amount you pay for your premium are what keep your plan active which allows us to process your claims for services. Your premium payment is separate from the deductible and out of pocket amounts that are applied to your claim.
In some cases, the higher your deductible, the lower your monthly premium payment. The lower the deductible, the higher premium.
Hey, we’ll even give you a cheat sheet to help you remember these key insurance terms:
When choosing and using your health insurance, you need to know how your health plan works and what your out-of-pocket costs may be.
For more information on understanding how health insurance works, explore our website, call us at the number on the back of your Membership ID card, or visit our mobile health insurance center in your area.
Keep “connecting” with us for more useful info about your health insurance!
SIGN IN to share your comments or REGISTER today to become a Connect member.
LOG IN if you are a member or REGISTER today to become a Blue Access member.
A Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association. © Copyright 2019 Health Care Service Corporation. All Rights Reserved.
Telligent is an operating division of Verint Americas, Inc., an independent company that provides and hosts an online community platform for blogging and access to social media for Blue Cross and Blue Shield of New Mexico.
File is in portable document format (PDF). To view this file, you may need to install a PDF reader program. Most PDF readers are a free download. One option is Adobe® Reader® which has a built-in screen reader. Other Adobe accessibility tools and information can be downloaded at http://access.adobe.com.