What do Hurricanes and High Deductible Health Plans Have in Common?

The recent destruction and flooding caused by Hurricane Matthew caused me to think about the different way we view homeowner’s insurance and health insurance. Seems like an odd comparison, but stay with me on this. Many individuals shy away from high deductible health plans and opt for a more expensive preferred provider organization (PPO) plan even though their maximum exposure is identical under both types of plans. Yet, the same individual has a high deductible homeowner’s policy for their … [Read more...]