How Does a Deductible Work With Health Insurance?

If you are looking to obtain health insurance, you may find yourself confused about deductibles and co-insurance. This is a common source of confusion with those looking to obtain health insurance in the greater Tucson, AZ area. In fact, it is the source of many of the questions that we at Shaner Insurance Group Inc. are asked. Here is a bit of information you may want to know about deductibles and co-insurance if you are looking to obtain health insurance. 

Deductibles

Many health insurance policies have a deductible. You have to pay this deductible before your insurance or co-insurance and co-pays begin to kick in. There may be some exceptions to this. Some policies will offer one or two wellness visits per year that you simply pay a co-payment for, even before your deductible kicks in. It is also important that many polices have individual deductibles and family deductibles. Pay close attention to what these amounts are when selecting a policy. 

Co-Insurance and Co-Pays

Co-Insurance and co-pays typically only kick in once you have met the individual or family deductible for your health insurance policy. Once this has been met, you will be required to pay the co-insurance amount or co-pay for your health services that are covered. The amount for these co-pays and co-insurance payments typically varies based on the services rendered and whether you are seeking treatment in or out of the your network. It is important to pay attention to all of these factors so you know what you will be required to pay when selecting  a policy. 

If you are looking to obtain health insurance in the greater Tucson, AZ, Shaner Insurance Group Inc. can help guide you through the selecting and buying process. Call our office today to get started.