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 is a health insurance deductible?

Health insurance deductibles are one portion of the expenses policyholders are accountable for each year. The type of deductible agreement in an insurance plan may determine the cost of monthly pre... Read More »

What is a deductible on health insurance?

The word "deductible" as it pertains to health insurance can be hard to define. It is extremely important to know what a deductible is in order to choose a health insurance policy that is appropria... Read More »

Is a health insurance premium tax deductible?

Health insurance premiums are tax deductible as a medical expense. However, only medical expenses exceeding 7.5 percent of your adjusted gross income can be claimed as a deduction. If you are self-... Read More »

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 »