What do navigators help clients understand regarding premiums?

Navigators play a critical role in helping clients understand health insurance terms and concepts. One of the key distinctions they clarify is the difference between premiums and deductibles.

Premiums are the amounts paid, typically monthly, to maintain an insurance policy. Deductibles, on the other hand, are the amounts that must be paid out-of-pocket by the policyholder before the insurance company begins to cover costs for services. Understanding this difference is crucial for clients as it affects their overall out-of-pocket expenses and financial planning regarding healthcare. By clearly outlining these concepts, navigators empower clients to make informed decisions about their health insurance coverage, ensuring they understand not just what they pay monthly but also how costs accumulate with care utilization over time. This knowledge can significantly impact their choice of plans and prepare them for future medical expenses.