Deductible
Deductible is a term used in insurance to refer to the amount of money that the insured must pay out-of-pocket before the health insurer pays its share. Deductibles are typically annual amounts and are part of most health insurance plans in the United States.
Overview[edit | edit source]
A deductible is a specific dollar amount that your health insurance company may require that you pay out-of-pocket each year before your health insurance plan begins to make payments for claims. Not all health insurance plans require a deductible. As well, not all plans are the same and the amount of deductible can vary.
Types of Deductibles[edit | edit source]
There are two main types of deductibles in health insurance: embedded deductibles and non-embedded (or aggregate) deductibles.
Embedded Deductibles[edit | edit source]
An embedded deductible is an individual deductible embedded in a family health insurance policy. This means that if one person in the family reaches their individual deductible, the insurance company will start paying for that individual, even if the family deductible has not been met.
Non-Embedded Deductibles[edit | edit source]
A non-embedded deductible, also known as an aggregate deductible, is a type of family deductible. In this case, the entire amount of the deductible must be met before the insurance company starts paying for any individual family member.
Impact on Health Insurance Costs[edit | edit source]
The amount of your deductible is one factor that can affect the cost of your health insurance premium. In general, a higher deductible will result in a lower premium. However, it also means that you will have to pay more out-of-pocket before your insurance coverage kicks in.
See Also[edit | edit source]
| Deductible Resources | ||
|---|---|---|
|
| |
Translate to: East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
Urdu,
বাংলা,
తెలుగు,
தமிழ்,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
European
español,
Deutsch,
français,
русский,
português do Brasil,
Italian,
polski
Navigation: Wellness - Encyclopedia - Health topics - Disease Index - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro) available.
Advertise on WikiMD
WikiMD is not a substitute for professional medical advice. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD
