MANAGEMENT

Detailed explanation-1: -A high deductible means that the insurer’s risk and contribution are reduced. Therefore, the premium amount is low. Critical illnesses, cancer care policies, etc., typically have a higher deductible limit than regular plans.

Detailed explanation-2: -In most cases, the higher a plan’s deductible, the lower the premium. When you’re willing to pay more up front when you need care, you save on what you pay each month.

Detailed explanation-3: -A plan with a higher deductible than a traditional insurance plan. The monthly premium is usually lower, but you pay more health care costs yourself before the insurance company starts to pay its share (your deductible).