Answers to Your Questions About Insurance Premiums & Deductibles

An insurance premium is the amount you must pay periodically to the insurer in exchange for insurance coverage as specified in the insurance policy. An insurance deductible is the fixed dollar amount that an insured person must pay during the benefit period, typically a year, before the insurer starts to make payments for covered expenses. Premiums as well as deductibles will vary from plan to plan, and are specified in the insurance policies.

Typically, the insurance deductible amount is inversely related to the amount of the premiums charged by the insurer. Lower deductibles are usually associated with higher premiums and vice versa. When purchasing any type of insurance, the key is to find a balance between affordable premiums and a fair deductible.

If you choose a plan with lower premiums and a higher deductible, you could incur high out-of-pocket expenses in the event of a serious illness or accident. If you choose a policy with higher premiums and a low deductible and remain relatively healthy, you could be wasting money on higher premiums for coverage you have not utilized. For some, the peace of mind in knowing that they are covered with very little out-of-pocket expenses in the case of a serious illness or accident is worth the extra money spent on higher premiums.

Bottom Line Insurance Consultants specializes in family health insurance, individual health insurance and small group health insurance. We also offer Medicare plans, dental insurance, life insurance, auto insurance, motorcycle insurance, home insurance, long-term care insurance, disability insurance, and annuities.

The insurance professionals at Bottom Line Insurance Consultants can help you compare plans and determine the best plan to meet your needs. This includes deciding on a plan with a deductible and premium amount that works for you. We provide this service at no additional cost to you, and we guarantee that you will pay the lowest price, no matter how you buy your insurance.

If you are in need of insurance or if you would like more information regarding premiums and deductibles, please contact our Insurance Premiums & Deductible Experts at Bottom Line Insurance Consultants today. We look forward to helping you with all of your insurance needs.

Answers to Your Questions About Insurance Premiums & Deductibles

Bottom Line recommends that you talk to one of our consultants before applying on any website including ours.   When comparing benefits from each carrier, the benefits aren't always as they appear.  You are making an important decision.  Call for complete policy information before applying. 

There is no added cost when applying through Bottom Line or for consulting with our insurance professionals.  Premiums are the same as buying direct from the insurers and you get ongoing customer service year after year at no added expense to you.