Quote:
Originally Posted by aka123
I don't get that deductible stuff (like bonuses or something?), but nevermind. In here you are always covered for health stuff if you have the mandadory insurance. If it's hit and run or whathever, your own insurance company takes the "hit". This is just a matter of legislation.
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Deductible is them saying yeah we'll pay your bills but you pay the first 1000 dollars and then we'll handle the rest. The lower the deductible the higher the insurance rate.
For a 20 year old with no medical problems and likely won't be having any serious condition they may choose a higher deductible 5000 and then their monthly premium is lower.