What are deductibles? How does a deductible work? |
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ColinSmith
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What are deductibles? How does a deductible work?
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Art-Crowd
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Joseph Parsons
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The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself.
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Toby Bradford
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I would also add that in the case of a policy with a deductible, you will pay for your medical care out of your own pocket until the total amount spent reaches the deductible amount, more information here https://iisinsurance.com/how-do-deductibles-work/ . Once this threshold amount is reached, the insurer will pay the remaining cost of covered medical services for the remainder of the year.
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