What Is a Health Insurance Deductible?

The insurance deductible refers to the amount of loss that the insured must bear before the insurer makes a payment according to the conditions of the insurance.

Insurance deductible

Right!
The insurance deductible refers to the amount of loss that the insured must bear before the insurer makes a payment according to the conditions of the insurance.
Chinese name
Insurance deductible
Foreign name
Deductible insurance
Meaning
Before the insurer pays, the insured bears the amount
Function
Eliminate many small claims and reduce premiums
Deductibles are widely used in property, health, and car insurance because deductibles can eliminate many small claims and greatly reduce the cost of loss claims, which can reduce premiums.
There are two types of deductibles: absolute deductibles, that is, assuming that the absolute deductible is 500, then you should pay 400 after you claim, then you wo nt get a penny; if you do, you will pay 600 Then you can get 100 for 600-500. The other is a relatively deductible. Assuming it is also 500, if you want to pay 400, then you wo nt get the same penny. The problem is that after the deductible is exceeded,

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