What is the deductible and how does it work?

A deductible is the amount of money that an individual must pay out of pocket for healthcare services before their health insurance plan begins to share the costs. For example, if a health insurance plan has a deductible of one thousand dollars, the insured individual is responsible for paying the first one thousand dollars of their medical expenses. After this threshold is met, the insurance company will start to cover a portion of the costs for covered services, according to the details of the plan. Deductibles can vary significantly from one health insurance policy to another, and they can apply to various types of services, including hospital stays, surgeries, and outpatient care. Some plans may have separate deductibles for certain categories of care, such as prescription drugs or emergency services. It is important for individuals to carefully review their health insurance plan to understand the specific deductible amounts and how they apply to different services. Additionally, some plans may offer preventive services that are covered without requiring the insured to meet their deductible first. This means routine check-ups and screenings might be fully covered before any deductible is paid. For more information about specific deductible amounts and how they function within the Mondrus American Health Insurance plans, it is advisable to refer to the current web page or plan documents.