Boone Insurance Associates

INSURANCE INSIGHTS

❓What is a Deductible?

A deductible is the amount you pay out of pocket for health care or prescriptions before your Medicare plan or other insurance plan starts to pay its share.

For example: If your plan has a $500 deductible, you’ll need to cover $500 in approved medical costs first—then your coverage kicks in. After that $500 deductible is met, you may share costs with your insurance provider via copayments.

Understanding your deductible helps you plan better and avoid surprises! Need help reviewing your insurance plan or benefits? Let’s chat. 📞