03/04/2025
💡 Parents, Do You Understand Your Insurance Deductible? 🤔
When it comes to insurance, your deductible is the amount you pay out-of-pocket before your insurance coverage kicks in. Here's a quick breakdown to help you understand how it works!
🔹 What is a Deductible?
A deductible is the amount you have to pay out of pocket for services before your insurance starts covering costs. Think of it like a spending threshold. If your deductible is $500, you need to pay that amount first for covered services before the insurance begins paying its share. After you reach the deductible, insurance will start covering a portion or all of the costs, depending on the plan.
🔹Need an Example?
Let’s say your child has therapy sessions that cost $100 each, and your deductible is $500. You will need to pay for the first five sessions yourself. After that, insurance will start covering a portion of the costs, depending on your plan.
💡 Did You Know? Secondary Insurance Doesn’t Cover Your Primary Insurance Deductible! 🤔
🔹 What is Primary Insurance?
Your primary insurance is the first insurance that kicks in when you have a claim. It's responsible for covering most of the cost, but you'll still need to pay your deductible before they help.
🔹 What is Secondary Insurance?
Your secondary insurance steps in after your primary insurance has paid. It can help cover additional costs like co-pays or coinsurance, but it does NOT pay your primary insurance deductible.
🔹 Why Doesn’t Secondary Insurance Cover the Deductible?
Secondary insurance is meant to help reduce your out-of-pocket costs after your primary insurance has paid its share. The deductible is considered part of your out-of-pocket responsibility, and it’s not something your secondary policy picks up.
🔹 What Does This Mean for You?
It’s important to know that you’ll still need to meet your primary deductible first before secondary insurance starts covering additional expenses.
🔹 Pro Tip:
Make sure you’re prepared to pay your primary insurance deductible and plan accordingly to avoid any surprises!
