Work offers insurance at $20 that for part-time with pay 25% of health care bills. The plan does not include vision or dental for part-time so was looking into few different insurance companies. Have a question on a quote that talks about deductible. It is a $10,000 deductible the wording makes it sound that additional coverage will not be covered until paid. It seems strange so possibly misinterpreting it. What does deductible mean from health care insurance?
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Deductible means the minimum amount that you must pay to have the insurance company pay anything. The deductible is the minimum amount not paid by the insurance company. If the total of all the bills are less than the deductible, then you pay everything and the insurance company pays nothing. If the total of all the bills are more than the deductible, then the insurance company pays something, but you pay the deductible or more.
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