deductibles

What Is the Difference Between Deductible and Out-of-Pocket Maximum?

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In simple terms: A deductible is the amount you must pay for covered health services before your insurance starts paying. The out-of-pocket maximum is the most you’ll have to pay in a year — after which your insurance covers 100% of covered costs. Both terms are key to understanding how much you’ll spend on healthcare … Read more

What are deductibles in health insurance?

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What are Deductibles

Introduction: A deductible is the amount of money a patient has to pay out-of-pocket for covered healthcare services before their health insurance policy starts covering the costs it is also denoted as PR-1. It is a standard feature of most health insurance plans, and it resets annually. Once the deductible is met, the insurer will … Read more