You Can Purchase Contingency Insurance to Pay Your Health Insurance Deductible.
High deductibles suck even if you know about health savings accounts and free, non-deductible services . Alternatively, you can buy additional insurance that only covers your deductible.
Some employers offer deductible break insurance , but you can also buy it yourself. Kind Health , for example, charges $ 25 per month to cover a $ 2,500 deductible or $ 50 per month to cover a $ 7,500 deductible.
However, there is one catch: because a deductible is not a complete health insurance plan, it is not covered by most of the provisions of the Affordable Care Act. For example, if you already have a medical condition, Kind will refuse to pay for treatment for that condition for a specified period of time. However, they will still sell you the policy and pay for treatment that is not related to the condition. As such, these policies are not a perfect answer to high deductibles, but they are a good option to know if you are having trouble filling out an HSA .