What is Blue Cross Blue Shield deductible

A deductible is the amount you pay toward your health care before we come in to pay some of your claims. So if your deductible is say, $1,000, you'll have to pay $1,000 in medical costs, like lab tests, x-rays and hospital stays. Then we'll share some of the costs with you.

Is it better to have a deductible or no deductible?

Is a zero-deductible plan good? A plan without a deductible usually provides good coverage and is a smart choice for those who expect to need expensive medical care or ongoing medical treatment. Choosing health insurance with no deductible usually means paying higher monthly costs.

What does it mean to have a $250 deductible?

$250 Deductible: When you live paycheck-to-paycheck and don't have much savings. When you choose a $250 deductible, your out-of-pocket costs stop at $250 after a loss that requires an insurance claim. Your insurance company covers your loss, minus the $250 that represents your deductible.

What does it mean to have a $150 deductible?

A deductible is a specific payment made toward the cost of a claim. In the case of health insurance, your deductible is a set dollar amount that you must pay out of your pocket before your health insurance provider will pay for certain medical services.

What does it mean by $200 deductible?

The amount of money paid out-of-pocket before an insurance carrier begins to pay for your medical expenses. For example, with a $200 deductible, and a $450 health care bill, the insured would pay $200 and the health insurance company would pay $250.