What is a deductable (health insurrance)?

Question

in health insurrance.. what does paying deductable suppose to mean

Answer 1

If, for example, your plan it set up with a 10% deductable.  Then if you had a service (Dr. appointment, x-ray, etc) and it cost $100.  You would pay $10, and the plan would pay $90.

Answer 2

It means the insurer will pay for your health care - but you will be shouldering some of the burden in the form of paying a certain amount for each doctor visit - hospital stay etc. That is the deductible - what you have to pay before the insurer will pay.  It keeps the insurance premiums down, and keeps you from running to the doctor for every little sniff because it will cost you too.  If you have a serious health problem you will reach the maximum out of pocket amount and the insurer will pay 100% of the bills from there on out for the rest of the year.

Answer 3

This is the amount you have to pay before your insurance kicks in and starts paying. Depending upon your policy, however, you may get your doctor visit and prescription co-pays without having to meet the deductible. Also, depending upon your policy you may have a percentage co-insurance to pay after paying your deductible.