An Easy-to-Meet Deductible
A deductible is an amount that you are responsible for before the insurance policy pays. Until you meet your deductible, you are responsible for many of the health care costs that you accumulate. You may have to pay out of pocket for x-rays and lab tests, as well as hospital stays and physical therapy sessions until your deductible is met.
Essentially, the less you pay for a policy premium, the higher the deductible. Health insurance is a business after all, and they have to make it all balance out. If you are paying a low premium but have a $10,000.00 deductible, you may find that you don’t use your whole deductible during the year and therefore are paying insurance premiums for nothing.
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