Under a High Deductible policy, who bears the deductible portion of the loss?

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Multiple Choice

Under a High Deductible policy, who bears the deductible portion of the loss?

In a High Deductible policy, the insured bears the deductible portion of the loss. The deductible is the amount that the insured must pay out of pocket before the insurer starts to pay for covered expenses. Because the deductible is set high in these plans, you pay more upfront, and premiums are typically lower. Once that deductible is met, the insurer begins to share costs according to the plan’s coinsurance and benefit rules. The government and employer aren’t responsible for paying the deductible, though employers may contribute to a related Health Savings Account to help cover these costs.

In a High Deductible policy, the insured bears the deductible portion of the loss. The deductible is the amount that the insured must pay out of pocket before the insurer starts to pay for covered expenses. Because the deductible is set high in these plans, you pay more upfront, and premiums are typically lower. Once that deductible is met, the insurer begins to share costs according to the plan’s coinsurance and benefit rules. The government and employer aren’t responsible for paying the deductible, though employers may contribute to a related Health Savings Account to help cover these costs.

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