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!
- 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
- 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.
- 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,