Health Insurance Terms | Deductible

On a regular basis I will work to define terms and concepts used in the field of Insurance that could be of help to people trying to provide risk protection. By risk protection for people, I am speaking of Health, Life, Disability and other coverage of insurance.

I will start with the basic terms needed to look at Health Insurance.

Deductible – the dollar amount an insured individual must pay for covered expenses during a calendar year before the plan begins paying claims (if a 100{e64afe744808f925ae4e621067af93b57aa961a0f89d5b9e5dafb1c9b1c107d5} plan) or co-insurance benefits.

The Deductible is generally the first item that people ask about in Health Insurance. What is the Plan Deductible?

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