BC Advantage - 2006 Issue 8
What is a deductible? A deductible is a contractual requirement to have the patient or member pay a specified amount before the insurance company will pay any benefits that are due to the member. The amount of a deductible is based on how much a person will pay in premiums. The higher the amount of the deductible, the lower the amount of the premiums. The lower the deductible, the higher the amount of the premiums. What is the intent of having a deductible? It is to remind the patient that medical care is...
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