Annual Deductible

What is Annual Deductible?

Annual Deductible is the amount you must pay each year for medical andmental health expenses before your medical plan begins to pay benefits. Forexample, if your health plan has a $300 Annual Deductible, you will pay all yourmedical expenses up to $300 after which your health insurance plan will beginpaying a percentage of your expenses, according to your plan benefits. TheAnnual Deductible does not include monthly insurance premium or set-dollarcopayments for prescription drugs and doctor visits.

 

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