Information on South Dakota Health Insurance Deductibles
An insurance deductible is generally defined as the amount amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs.
There are a many different types of deductibles depending on your insurance policy.
If you have an insurance policy that has a per sickness deductible you will not need to meet that deductible in the following year due to an ongoing sickness. The deductible will carry over to the next year with that sickness.
Most insurance policies have an annual deductible. In that case you would have to meet your deductible again. However, not all policies begin on January 1st and end on December 31st. Under some circumstances there is a "plan year". Plan years may begin and end on the anniversary date that you purchased your policy or your employer purchased their policy, or in other cases, the year may be in the employer's fiscal year or business year.
Resources:
- » 24-Hour Coverage
- » 24-Hour Accident Coverage
- » Medical and Disability Package
- » Special Exposures
- » Cancer, COBRA and Other Special Coverage
Articles:
South Dakota Health Guide Pages:
- » Differences in South Dakota Health Insurance Policies
- » Options to Obtain South Dakota Health insurance
- » How South Dakota Health Insurance Companies Pay Claims
- » Information on South Dakota Health Insurance Deductibles
- » Getting Preauthorization of A Medical Procedure from a South Dakota Health Insurance Company
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