Understanding health insurance can be tricky for anyone. Rebecca explains deductibles and how exactly they work.
These days it is more common than not for a health insurance policy to include in-network deductibles. In general, a deductible is the amount you pay for healthcare services before your health insurance begins to pay. Here is how it works: If your plan’s deductible is $1000, you will pay 100 % of eligible health care expenses until you reach $1000. After that you share the cost with your plan by paying either coinsurance or copays.
Please keep in mind that even if your plan has an in-network deductible, it does not always apply to every service, so make sure you review your Summary of Benefits & Coverage and Summary Plan Descriptions.
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