What is a health insurance deductible?

The deductible is the amount an insured pays before the health insurance company begins to pay claims. Some health plans charge the deductible when a patient is receiving “treatment” which includes but not limited to doctor visits.

The basics of health insurance
The ductible

•Most common is the calendar year deductible – January 1st. to December 31st.

•There can be two separate deductibles for in and out of network depending on the   plan design.

•Deductibles can be limited to two or times for family members (2X or 3X)

Example of a $30,000 PPO in-network claim

Always consult your broker. Some rates, conditions and exclusions may apply. Information contained herein is to be used as an example only.