A recent academic study published in the Journal of Health Economics found that just 14% of individuals who have health coverage could correctly answer all four of four basic questions about health insurance, including understanding what a “deductible” and “copay” are. If comprehension figures are that low for the insured, analysts worry what that portends for the uninsured, especially for a program as complex as Obamacare.
Insurance is a legal contract. I know that’s hard to believe with all the “on the fly” changes in Obamacare. If you are diagnosed with cancer, your deductible doesn’t change. If you suddently have serious medical expense for whatever reason, your deductible doesn’t change. If you want a lower deductible, you need to purchase a plan with a lower deductible or be content to wait until the next open enrollment.