How Health Insurance Deductibles Are Used

Health Insurance Deductibles Explained

• If a health insurance policy includes deductibles, then the insured must pay a certain amount of money toward his health care before the insurance company has to pay anything under the health insurance policy.
• For example, if an insured has a $1,000 deductible toward his hospital/surgical coverage, then he is responsible for paying the hospital for the first $1,000 of health costs incurred.
• After he pays the first $1,000, then the insurance company will begin paying toward health care costs after the first $1,000 as paid out under the agreed to terms of the policy.