What is a deductible?
A deductible is the amount you pay
to the provider (for example a
hospital/doctor’s office), for eligible
medical expenses before your
insurance coverage kicks in.
The deductible amount is selected by
you when you purchase the policy.
How does it work?
The illustration below explains
if you had a $5,000 medical bill and
a $2,000 deductible.
You would first need to pay your $2,000
deductible to the medical provider.
Then your plan kicks in to pay the
balance of $3,000. (Subject to Usual
Reasonable & Customary charges).
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