The amount you pay for covered healthcare services before your insurance plan starts to pay a portion of these costs. For example, if your plan has a $2,000 deductible, you must pay the first $2,000 out-of-pocket for covered services.
After you pay your deductible, you will generally only be required to pay a co-payment or co-insurance for covered services. Your insurance company will cover the rest.
- All health plans purchased through Pennie will pay the full cost of certain preventive benefits prior to you meeting your deductible.
- Many plans will pay for certain preventive services, like a check-up or disease management programs, prior to you satisfying the deductible. Check your plan details.
- Some plans have separate deductibles for certain services, like prescription drugs.
- Family plans often have both an individual deductible, which applies to each person, and a family deductible, which applies to all family members.
Generally, plans with lower monthly premiums have higher deductibles. Plans with higher monthly premiums generally have lower deductibles.