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If you’re wondering, "How do insurance deductibles work?" then you are probably getting ready to purchase your own health insurance plan. Finding a reliable insurance company to answer your questions about health coverage will empower you to make the best choices and can reduce your overall medical expenses.

A licensed, knowledgeable insurance representative at HealthMarkets Insurance Agency can answer all of your questions before you buy a health insurance plan.

What should you look out for when buying insurance?

If you’re purchasing your own health insurance coverage, especially if you have no previous experience with this type of purchase, you need to be sure you understand all the details of the plan before you buy. A part of that understanding is being able to answer this question: How do health insurance deductibles work? Before you purchase a plan, be sure you know the following:

  1. How much is the deductible?
  2. What medical services are covered before you pay the deductible?
  3. What services are covered after you meet the deductible?

So, how do health insurance deductibles work? Health insurance deductibles are a fairly simple concept that can get tricky if you’re not sure what you’re looking for. Here’s what you need to know:

  • A deductible is the amount of out-of-pocket costs that you pay each year for covered medical services and devices before your insurance begins to pay.
  • Your insurance company will likely cover some types of services and devices (or at least a percentage) before your deductible is met, such as preventative services.
  • After your deductible is met, your insurance company should start paying more types of covered medical services and devices, lowering your out-of-pocket expenses.
  • Your deductible starts over each year.

The licensed insurance representatives at HealthMarkets are available over the phone to provide personalized assistance and to answer your questions, such as how do health insurance deductibles work.

Let us help you today. Contact HealthMarkets online, by phone at (800) 360-1402, or you can check out our blog to learn more.


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