Difference Between Health Insurance Deductibles and Co-Pays

The Difference Between Health Insurance Deductibles and Co-Pays

• Health insurance deductibles are not the same thing as co-pays.
• If a health insurance policy has a $50 co-pay and a $500 deductible, then the insured is responsible for paying for the first $500 of health care costs under his policy.
• After he has met the $500 deductible, then he is responsible for paying a $50 co-pay for each claim filed under his health insurance policy.
• The insurance company will pay the remainder of the charges due for each visit as long as the place providing medical care is covered under the health insurance policy.