home equity loans, auto loans, and student loans
Yes, a deductible is an initial amount that you must pay out of pocket before your insurance coverage kicks in. Once you meet your deductible, your out-of-pocket expenses may include copayments, coinsurance, and any costs not covered by your insurance plan.
A family deductible in a health insurance plan is the total amount that a family must pay out of pocket for covered medical expenses before the insurance company starts to pay for any costs. Once the family meets the deductible, the insurance company will typically start covering a portion of the costs, with the family responsible for any remaining copayments or coinsurance.
The out of pocket maximum is the most you have to pay for covered services in a plan year. It includes deductibles, copayments, and coinsurance. Once you reach this limit, the insurance company pays 100 of covered services.
No. When referring to health insurance, the "premium" is the amount you pay to the health insurance company each month to maintain your coverage. The "deductible" is a specific dollar amount you may be required to pay out-of-pocket per year before the health insurance company will begin paying for medical services covered under your policy. The amount you pay toward your monthly premium (or for copayments) does not count toward your annual deductible. Not all health insurance plans have a deductible, and even among plans with deductibles, some services may be covered up-front (preventive care, for example) without being applied toward your deductible.
WHEN WHEN when is health insurance deductible paid when? When?
Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.
When you have a deductible in your plan, before your insurance starts paying for the coverage, you have to meet the deductible after which the insurance starts paying its portion.
Supplemental insurance is insurance that you can purchase in addition to your regular insurance. It can help pay for expenses such as copayments and deductibles not covered by regular insurance.
A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
Normally when you buy a house, you will be required to get home owner's insurance and pay a deductible. If you can pay the deductible, you may lose your homeowners insurance.
The earthquake insurance deductible for your policy is the amount you have to pay out of pocket before your insurance coverage kicks in.