What does deductible mean in health insurance?

Answer A deductible is the amount your health insurance company requires you to pay out of pocket before your coverage kicks in. The deductible may vary based on the treatment you are seeking, and the lev... Read More »

Top Q&A For: What does deductible mean in health insurance

What does it mean to meet your deductible on health insurance?

A health insurance deductible is met when the insured pays the deductible amount stipulated in the policy. For example, if the policy deductible for hospitalization is $1,000, the policy holder is ... Read More »

What does 10% co-insurance after deductible mean?

Co-insurance means you share the cost, along with your health insurance provider, of medical treatments and drugs. Co-insurance often kicks in after you meet a deductible, which is an amount you m... Read More »

What does the term co-insurance mean on health insurance policies?

In health policies co-insurance is a percentage of covered expenses that insured is required to pay in addition to co-payment and deductible For example if you have an 80/20 plan, the insurance co... Read More »

What does a $500 deductible mean on an auto insurance policy?

A $500 deductible in a car insurance policy means that you must pay $500 up front for any claims, before the insurance pays you for any costs above that amount. Typically, the higher your deductibl... Read More »