MANAGEMENT

Detailed explanation-1: -Deductible in health insurance is the amount you have to pay before the health insurance company begins paying up the claim amount. This means the insurer is bound to pay the claim amount after it exceeds the deductible amount.

Detailed explanation-2: -Your expenses for medical care that aren’t reimbursed by insurance. Out-of-pocket costs include deductibles, coinsurance, and copayments for covered services plus all costs for services that aren’t covered.

Detailed explanation-3: -A deductible is the amount of money a member pays out-of-pocket before paying a copay or coinsurance. The amount paid goes toward the out-of-pocket maximum.

Detailed explanation-4: -The amount you pay for covered health care services before your insurance plan starts to pay. With a $2, 000 deductible, for example, you pay the first $2, 000 of covered services yourself. After you pay your deductible, you usually pay only a.

Detailed explanation-5: -There are two types of health insurance deductibles: individual and family deductibles. A health insurance plan can have either one of these or a combination of the two. The individual deductible is straightforward, but the family deductible is more complex.