What is a Deductible?

An amount you could owe during a coverage period (usually one year) for covered health care services before your plan begins to pay.

For example:

Jim has a plan with a $5,000 deductible. Jim falls while hanging lights and breaks his arm ,and receives a bill for $1,000. In this case, if Bill has no prior claims and bill would be responsible for the full bill of $1,000 until $5,000 is reached at which time there will be co-insurance that will apply.

For more information on which insurance plan is right for you give us a call at 312-940-3986 to speak with a licensed broker or or schedule a free consultation with a licensed agent visit www.ihealthagents.com to get a quote today!