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An essential piece of your medical insurance policy is the deductible. Insurance plans can differ on how the deductible is handled for medical costs. There are, however, a few universal points that can help you gain a general understanding of this topic. It’s important for you to understand how your insurance deductible works and how it impacts your overall healthcare plan. That’s why it’s important to let a licensed, knowledgeable representative at a reputable insurance company assist you in learning about your deductible, insurance options, coverage needs, and other factors that impact your health care plan. 

Your Deductible, Insurance Coverage, and Health Care Costs

The deductible for a health insurance policy is the amount of money you need to pay for applicable medical services before your insurance company will start paying benefits. Here are some key things to consider regarding your deductible when shopping for insurance:

  • Carefully review your budget to determine how much you can afford to pay each year in out-of-pocket medical expenses.
  • Be sure you can afford to pay the premiums for the insurance plan you choose, as well as cover the deductible and any copayments or coinsurance that may be required.
  • Check to see what medical services apply to the deductible. There are likely some medical services that the insurance plan will help cover, even if you have not yet met your deductible.
  • Some common types of services that are covered before you’ve met your deductible are immunizations, health screenings, and some types of preventive medical care.

Since 2010, HealthMarkets has helped Americans enroll in more than 4 million insurance policies. We have the experience needed to help you understand your deductible, insurance policy, and all other aspects of your medical coverage. Nick from Intervale, NH, recently told us that he “needed clear, unbiased advice, and I got it from HealthMarkets.” We can do the same for you. Get to know HealthMarkets through our YouTube channel and give us a call today.


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