The deductible for health insurance is one way that insurance companies use to keep their prices low for the consumer. The insurance company may decide that some or all benefits must be paid by the insured up to a certain level before they begin to pay for the services. This level is called the deductible.
Usually the deductible applies to emergency room visits and hospital stays, but sometimes it can include office visits, lab work and other types of procedures. It's important to know what is included in the deductible before you purchase a plan.
The deductible is often listed as two numbers separated by a /. The first number is the deductible for any individual member of the plan. The second number is for the entire family. Once this amount has been reached, the insurance company will pay the claims as listed on your plan.
.JPG){kind=avatar}
Usually the deductible applies to emergency room visits and hospital stays, but sometimes it can include office visits, lab work and other types of procedures. It's important to know what is included in the deductible before you purchase a plan.
The deductible is often listed as two numbers separated by a /. The first number is the deductible for any individual member of the plan. The second number is for the entire family. Once this amount has been reached, the insurance company will pay the claims as listed on your plan.