Review:
Insurance Deductible
overall review score: 4.2
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score is between 0 and 5
An insurance deductible is the amount of money an insured person must pay before their insurance company begins to cover the cost of covered services.
Key Features
- Amount paid by insured before coverage begins
- Varies depending on insurance plan
- Can help lower monthly premiums
Pros
- Helps reduce overall insurance costs
- Encourages responsible use of insurance
Cons
- Can be expensive if needed to be paid frequently
- May discourage seeking medical care for minor issues