Download An Insurance Deductible Is PNG. For example, suppose an insurance policy didn't have a. In an insurance policy, the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses.
A deductible is the amount you pay for most eligible medical services or medications before your health plan begins to share in the cost of covered services. Individual and family medical and dental insurance plans are insured by cigna health and life insurance company (chlic), cigna. If you have insurance you probably know you have a deductible, but what does that mean?
$800 remaining before the deductible is met.
A deductible is the amount of money subtracted from the value of a loss, which is not covered by insurance. However, one industry term that every insurance shopper should know is deductible. But one basic insurance term worth knowing about is deductible. When you sign up for an insurance plan, you an insurance deductible is the amount you pay before your insurer kicks in with their share of an insured loss.