how does the deductible work in health insurance?

Question

is the amount you pay every week out of your paycheck applied to the deductible,or is it a seperate fee?

Answer 1

Separate
If the bill is $500.
You pay your deductible and the insurance pays the rest.

Answer 2

The amount you pay each week from your paycheck is your premium.
The deductible is the additional amount you pay out of your pocket before the insurance will step in.
Ex: you have a $500 deductible and a doctor bill for $700. You will have to pay $500 first, then your insurance will kick in for the rest.
A deductible is generally done on an annual basis. Some doctor services may not be subject to the deductible and the insurance will pay for those services right away----generally things like very basic checkups.

There are so many variances in health insurance plans that you should check with your HR dept or program administrator for the details on your coverage.

Answer 3

It is separate. The amount that comes out of your paycheck goes toward the premium.

Say your individual yearly deductible is $250 - when you see a doctor or have tests done, that money will come out of your own pocket even though they still bill the insurance company. You'll get a statement from your carrier showing how much was applied toward your deductible for each item. Once you hit $250, your plan will pay based on the terms of the contract - depending on whether it is an HMO or a PPO or another type of plan. Then you will only pay your co-payment or the percentage that is your responsibility.

Answer 4

the amount you pay out of your paycheck is your "premium". A deductible is the amount of money you pay out of pocket before your insurance kicks in. For example, if your deductible is $250.00 with 80% coinsurance, this means you pay the first $250.00 towards your medical visits, then after that your insurance has agreed to pay 80% of the bill from that point forward. Which means you are still always responsible for 20% of your medical expenses.

a more economical way to be insured is through a HMO. With an HMO, you pay a straight co-pay ( usually between $5-$20.00) at each doctor's visit, no matter how much the actual visit costs. The downside to a HMO is that you have to choose from a list of participating providers and it may take months to see your doctor.

Answer 5

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RE:
how does the deductible work in health insurance?
is the amount you pay every week out of your paycheck applied to the deductible,or is it a seperate fee?

Answer 6

The amount taken out of your check has nothing to do with the deductible. That money pays the premium. Your deductible is how much out of pocket expense you have before your insurance starts picking up the tab.

Answer 7

You pay every week, your portion of the insurance cost.

The deductible is the amount you pay the doctors & hospitals, before the insurance kicks in. It's seperate from the PREMIUM, which is what you and your employer are paying.

Answer 8

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Answer 9

The amount that is taken from your check is the premium. It pays for the coverage. The deductible is the amount you have to pay before the insurance pays their benefit.

Answer 10

The amount that comes from your paycheck is the premium. Deductibles only come from hospital visits, Dr, test, ect. I wish premiums counted towards the deductible but they don't