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On the Money: Confronting fresh health insurance deductibles; On the Money: Confronting fresh health insurance deductibles

Jan 15, 2020 - The Canadian Press

The new year often starts harshly for people with high-deductible health insurance.

Many deductibles reset Jan. 1, forcing patients to pay thousands of dollars for care or prescriptions before most insurance coverage starts. Such a financial hit can be brutal for patients with cancer or a chronic condition, some of whom may have just satisfied the previous year's deductible the month before.

More patients are using tax-exempt health savings accounts to set aside money that can soften...