What is a deductible?
A deductible is a specific dollar amount the student is responsible for paying before the insurance company will begin to pay. The Student Health Insurance Plan deductible is $100. You only need to meet your deductible once per policy year. Example of how the deductible works: Your provider (doctor, lab, etc.) submits a bill to the insurance company and the charge is $300. The insurance company will automatically take the first $100 and apply it to your deductible (you must pay the provider this amount). Then the insurance company will pay a percentage of the remaining charge of $200 (the percentage depends on whether the provider is an Aetna Preferred Provider or Non-Preferred Provider–see your Plan Brochure). If the provider is an Aetna Preferred Provider, the insurance company will pay 90% of the remaining $200 and you will be responsible for 10% (this is your coinsurance amount). You will receive a bill from the provider for $120 ($100 deductible and $20 coinsurance). The next time
