How Does An Annual Deductible Work For Health Insurance?

  1. 2275 POINTS
    Bill Loughead
    President, SummitMedigap.com, CO, FL, GA, MI, NC, SC & TX
    A deductible is the amount of money that you would pay before your health insurance kicks in. For example, if you have a $3,000 deductible and need to go to the hospital then you would pay the first $3,000. Your insurance would kick in after that.

    For folks age 65 and over that are on Medicare along with a Medicare Supplement it will work a little differently. The deductible on most of the plans would be smaller and for doctors and tests not the hospital.

    I would be happy to answer any other questions you have.
    Answered on August 24, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>