How Do You Understand Health Insurance Deductibles?
An important factor in managing the cost of your medical insurance is understanding the role of deductibles in your health plan. Deductibles on a health or dental insurance policy are a dollar amount that you will be expected to pay when you access health services. Questions about deductibles are common for group health plans. Far too many times, insurance companies provide explanations that only lead to more questions. This short tutorial provides a simple explanation of your insurance coverage. The first step in understanding deductibles is discovering them on your plan’s Benefit Summary. Grab a highlighter and mark the various deductibles listed on your plan. As you will see, a deductible is a total dollar amount that you will be expected to pay before your plan’s health benefits begin. Health insurance, like fire or flood insurance, is not meant to pay for anticipated costs, it is meant to pay for emergency health care that is difficult to plan for. As an example, your home insuran
