What is a deductible in Health Insurance?
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Mayank Goyal
It is the amount of money customers will have to pay in an insurance claim before the insurance coverage starts paying. “Deductibles vary for different conditions, illnesses, and medical procedures. Though high deductible health plans have the advantage of smaller premiums, customers may end up paying much more out-of-pocket. To avoid this, customers can opt out & select the better plans without deductibles or opt for low deductibles insurance policies,” said Vikas Mathur, Head – Health, Universal Sompo General Insurance.
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