1. 15786 POINTS
    Bob VineyardPRO
    Founder, Georgia Medicare Plans, Atlanta,GA
    Health insurance plans may have several deductibles. The most common deductible is your major medical deductible. Some plans also have a prescription drug deductible.

    The deductible is an amount you must pay before the health insurance carrier pays their portion of the claim.

    If you have a $300 Rx deductible, you must pay the first $300 of your annual prescription drug costs before the insurance carrier pays anything toward the cost of your medications.
    Answered on April 18, 2013
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