A deductible is the amount you will pay when you see a doctor or hospital before insurance will pay any
part of the visit.
There are two different types of deductibles:
Deductible per policy period:
Once you have paid an amount equal to the deductible for medical bills (one or several that all add up to the amount), you will not have to pay the deductible again until you renew.
The amount of this type of deductible is usually higher than the per-injury/illness deductible.
For instance, if your deductible is $500, you go to the doctor for a covered expense, and the bill is $200. A week later, you go to another doctor for a covered expense, and the bill is $300. You would be responsible for paying the full amount of both doctor bills. The amounts added together total $500 which equals the deductible for your policy. The insurance would cover any visits, according to the policy details, after that.
Our Atlas Travel plan and Patriot Travel plan have this type of deductible.
Deductible per injury or illness:
This type of deductible works similar to a co-pay. You would pay the designated amount each time you
see a doctor for a new covered illness or injury. If you see a doctor for the same injury or illness more
than once, you would only pay the deductible for the first visit.
For instance, if you broke your leg, saw the doctor for treatment and he wants to see you back in a week
to follow up on your healing progress, you would not pay your deductible again for the follow-up visit.
Our ISI Advantage plan and Patriot Exchange plan have this type of deductible.
