<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: What Does A Deductible Mean With Health Insurance?</title>

	<atom:link href="http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance/feed" rel="self" type="application/rss+xml" />

	<link>http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Kyla Beamon</title>

		<link>http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance</link>

		<dc:creator>Kyla Beamon</dc:creator>

		<pubDate>Fri, 03 Mar 2017 18:43:50 +0000</pubDate>

		<guid isPermaLink="false">http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance</guid>


		<description><![CDATA[Another way to understand deductible is this...

When a bill comes in for major services you will have to pay the amount of your deductible first.  After that, most times, you will have to pay a co-insurance amount.  Most co-insurances are 80/20, 70/30 or 50/50.  That means you pay the next 80% of each bill up to the Max Out of Pocket for all in network charges.  The insurance company would pick up the 20% that you didn&#039;t pay.  After the Max Out of Pocket was paid you would owe 0% (as long as you used doctors and hospitals whom are in network) and the insurance company would pay 100% until Dec 31st when you would have to start all over meeting your deductible again and Max OOP.

Example:  Your deductible is 2,500 an your Max Out of Pocket is 7,150 (most that can be charged for 2017).

You pay the first 2,500 of a 15,000 claim and that leaves 12,500.  Then you pay 20% (or 30% or 50% depending on the plan you choose) which is an additional 2,500.  The insurance company pays the other 80%.  That means for this claim of 15,000 your total is the deductible of 2,500 and the 20% coinsurance above of 2,500 for a total of 5,000.  You would NOT have met your Max Out of pocket for the year (7,150) so the next bill that comes in you would continue to pay 20% of until you reached a total paid of 7,150 (INCLUDING the 2,500 deductible).  Keep in mind that co-pays do not go towards the deductible in most cases and neither do prescriptions; however they do go towards the Max Out of Pocket for the year.]]></description>

		

	</item>


	<item>

		<title>By: Jason Goldenzweig</title>

		<link>http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance</link>

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Fri, 13 Jun 2014 17:07:11 +0000</pubDate>

		<guid isPermaLink="false">http://insurancelibrary.com/health-insurance/what-does-a-deductible-mean-with-health-insurance</guid>


		<description><![CDATA[A health insurance deductible is the amount you must pay before your benefits &quot;kick in&quot; and begin paying (for most services - some benefits, such as preventive care, provide coverage&#160;immediately).&#160;The deductible amount varies by plan.

For example, under the new Affordable Care&#160;Act, a catastrophic plan may feature a $6,350 deductible, a bronze plan may feature a $5,000 deductible, a silver plan may feature a $3,000 deductible, a gold plan may feature a $2,000 deductible, and a platinum plan may feature a $0 deductible. &#160;These figures are not the same for all plans on each metal level.

The higher the deductible, the lower your monthly premium and vice versa.

I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.]]></description>

		

	</item>


</channel>

</rss>

