An Analysis of High Deductible and Low Deductible Insurance Plans

Abstract

In this study, we analyze two health insurance plans, a high deductible and low deductible plan. We determine which plan is more cost effective for both an individual and a four-person family. This study considers various levels of medical expenses, factors in copayments and premiums, and ultimately determines whether a high deductible or low deductible insurance plan is a better deal.