Licensed Product Advisors Deductible Credit
Stretch Your Dollar Further
Deductible Credit can help you reduce your future out-of-pocket expenses by providing a credit against your deductible. If you don’t meet your per-person calendar-year network deductible, the Deductible Credit applies to the next year’s network deductible starting with a 20% savings after the first year.
How it works:
- A 20% credit is applied to your deductible each year you do not satisfy your prior year deductible.
- Credit can accumulate until the deductible is effectively reduced by 50%.
- If the reduced deductible is met, then the plan deductible is reset to its original amount the following year and the deductible credit can be earned again.
This allows the freedom to select a higher deductible, lower premium plan – helping you save even more by reducing your out-of-pocket expenses when you earn your deductible credit.
All our renewable health plans offer the Deductible Credit benefit for any deductible amount. So take advantage! Watch your deductible diminish over time with Deductible Credit.
Health Savings Account plans cannot reduce their deductible below the minimum required by law to maintain tax-qualified status of the insurance plan. In 2012, a family HSA plan’s lowest deductible required is $2,500 and an individual lowest required deductible is $1,250. The optional Continuity rider will include the Deductible Credit benefit only when a covered person is “active.”