What Type of Deductible Do You Have?

Are you familiar with the term “deductible”? According to healthcare.gov, the official definition of a deductible is?the amount you pay for covered health care services before your insurance plan starts to pay.?Everyone has a deductible on their insurance plan, even if it’s $0!??

But did you know that there are two different types of deductibles??Your insurance plan may have either an embedded deductible or a non-embedded deductible.?Here’s?the difference between the two:?

• Non-embedded: if you are on a family plan, meaning that yourself and a spouse or dependent is enrolled with you, you have collectively?meet?the family deductible before?your?insurance plan will start?contributing to your cost of care.??
• Embedded:?If you are on a family plan or not, if you meet your individual/single deductible, the?insurance?plan will start contributing to your cost of care.?

It’s?good to know?whether?or not your insurance plan has an embedded or non-embedded deductible, and you can find that out by calling the carrier direct using the number on your ID card or by giving Clevenger Insurance a call today at 574-267-2181.

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