A deductible is the amount paid out of pocket before insurance coverage starts. Regular plans have a fixed annual deductible, while short-term plans have a 10% deductible up to a yearly cap.
What is a deductible and how it works?
A deductible is the amount you pay yourself each year for medical expenses before insurance kicks in.
A higher deductible generally results in a lower monthly premium. That's why they are recommended for people who don't go to the doctor frequently, and freelancers.
How does a regular deductible plan work?
With a long-term private health insurance plan that includes a deductible, you cover your medical costs yourself up to a fixed yearly amount. Once you reach that deductible, your insurance steps in and pays for eligible treatments, as outlined in your policy.
For example, if your plan has a €1200 deductible, you pay the first €1200 of medical bills annually before coverage starts.
How does the deductible work for the short-term private plan?
The discounted short-term plan has a 10% deductible up to a maximum of €500 per year. This means you pay 10% of each medical bill out of pocket until your total out-of-pocket payments reach €500 in that year. After reaching €500, the insurance covers eligible medical expenses fully according to the policy.
Dental treatments don't fall under the deductible and are covered according to your policy.