What's a Deductible?

Your deductible is a predetermined fee that you’ll be required to pay before your health insurance carrier will be responsible for paying your benefits. For the most part, deductibles work to help insurance companies keep the costs of health insurance premiums down.

But, the cost of a deductible also works to ensure that you’ll be sure that any health problem you have really needs medical attention before running for the doctor.

For instance, if you have a health plan with a $1000.00 deductible, you’ll have to pay the first $1000.00 of any medical expenses before your insurance kicks in and begins to pay for your expenses. Of course, only those expenses you’re covered for will apply towards your deductible.

Meaning; if you pay $150.00 to visit your chiropractor but your health plan doesn’t include coverage for chiropractic care then the $150.00 won’t apply toward your insurance plan’s annual deductible.