MANAGEMENT

Detailed explanation-1: -What Are Deductibles? Insurance deductible meaning: It is the amount a policyholder must pay before the insurance company begins to compensate them. In other words, the insurance company is only responsible for paying the claim if it exceeds the deductible in health insurance.

Detailed explanation-2: -deductible. 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.

Detailed explanation-3: -Deductible is the amount that a policy holder has to pay before the insurance company starts paying up. In other words, the insurance company is liable to pay the claim amount only when it exceeds the deductible.

Detailed explanation-4: -A deductible is the amount you pay for health care services before your health insurance begins to pay. How it works: If your plan’s deductible is $1, 500, you’ll pay 100 percent of eligible health care expenses until the bills total $1, 500. After that, you share the cost with your plan by paying coinsurance.

Detailed explanation-5: -Deductible in health insurance is the amount that the insured is required to pay before the insurance company starts offering the coverage benefits in case of a claim. This means that the insurance company is required to pay the claim amount only if it exceeds the deductible amount.