What is a deductible?
A deductible is the portion of a bill that is not covered by the insurance company and that is therefore the responsibility of the insured. It is the dollar amount of eligible medical expenses which must be paid as an out-of-pocket expense by each covered person on a per illness/per injury basis before certain benefits are payable under the policy.
A deductible is the dollar amount of out-of-pocket expenses you must pay to the doctor or to hospital before your policy pays any benefits. The deductible is calculated per event, not per visit. Check your insurance plan?s schedule of benefits for the correct deductible that you should pay per event.
