What is a Deductible?

    Do you know what your deductible is? It's amazing how many people do not know what a deductible is or if they have. Daily, I here oh I don't have that or I've met mine. The majority of the time the member has a deductible which hasn't been met and doesn't even realize it. It is standard procedure for post healthcare institutions to check one's deductible before providing service or giving goods. As defined by ask.com. Health insurance deductibles require the insured (the person who is covered under a health insurance policy) to pay a certain amount toward his health coverage before the insurance company has to begin paying under the health insurance policy. Every Medicare beneficiary has a $140.00/year deductible. Most all private insurances also have individual deductibles. Make sure to call the number on the back of your insurance card for specific information if you do not know it. insurance companies including Medicare mandates that suppliers and other health related individuals bill and collect deductibles and co-pays form the member. For more information regarding home medical equipment amounts contact us at 734-429-7444. Visit our website at www.oxygenplusmichigan.com. 

For more information on deductibles Read more: How Do Health Insurance Deductibles Work? | eHow.com http://www.ehow.com/how-does_4564477_health-insurance-deductibles-work.html#ixzz23lHHJ5F6