how is the deductble paid in health insurance? Is it tacked on to your doctors bill a little bit at a time?

Question

I know it has to be paid b4 insurance will kick in but is it expected to be paid in a lumo sum or what. I'm trying to select insurance with a decent premium but not too high of a deductible...can someone shed some light possibly with an example?

Answer 1

The deductible will be billed by your doctor's office when the insurance does not pay that bill. Each doctor's office has its own rules governing payment. Many ask that the entire amount be paid within 30 days. You can often ask for a payment schedule to stretch the payments out on a monthly basis if it is a hardship for you. Call your physician's office to ask them how they would handle this. Good luck

Answer 2

If your deductible is $500, you must get $500 worth of services before the insurance policy begins paying the typical 80 percent. You still get your $20 office visits and $20 drugs and those count towards the $500. In my case, I've major surgery early in the year that easily has met my deductible. So my 80 percent payment is in effect the rest of the year. Generally, you try to get a lower deductible but that, of course, means higher premiums. But when I was between jobs, I had a policy with low premiums but a $1,000 deductible because I only needed it for my major surgery. (Which I never had, thank goodness.)

Answer 3

The deductible is money paid by you. If your yearly deductible is $1000, you would pay 100% of all medical expenses until you have spent $1000, and then the insurance would start covering it. There is nothing 'tacked on' to a bill; that makes no sense at all.