Health Care Coverage question?

Question

When you get health care insurance through work and they talk about deductible- is that what you have to pay BEFORE they pay for services? LIke I have a $1000 deductible if I choose to get insurance through my job. Is the money they take out of each check cover that or something else? I have to pay $250 month for family coverage

Answer 1

The deductible is the amount that you would pay out of pocket before the insurance comany pays. You should check your plan benefits since the deductible usually applies to services that are received out of network, it ususally doesn't apply to in network services.
The $250 withheld from your pay is yor share of the health insurance premium paid each month. This amount should be treated as a pre-tax benefit. If it isn't ask your employer to install a flexible spending plan so that it can be treated as pre-tax income.

Answer 2

The deduct is what you pay before your insurance benefits kick in, so the 1st $1000 annually for medical cost is paid for out of your pocket, The $'s taken out of your check is your premium to pay for the coverage, depends on your insurance coverage if co-pays will be considered part of your deduct some do some dont.

Answer 3

You're exactly right. The doctor's office or hospital will bill the insurance company, but they will turn right around and bill you until your deductible is met. It sucks!