How do Health Deductibles Work?

For those who are not familiar with the world of insurance, the deductible is certainly not obvious. Along with the benefits and the insurance premium, the deductible is one of the important elements to take into account when buying insurance. Here is a handy little guide that details what a franchise is and how it works.

 Definition of a health insurance deductible

The deductible corresponds to the amount of the expense which is the responsibility of the insured. It can therefore be defined as the amount that the insured pays out of his own pocket before the insurance company begins to reimburse the costs of health care and treatment. . The insured is completely free to choose whether or not he wants a deductible, and the amount thereof.

Please note that the higher the deductible amount, the lower the health insurance premium amount. This is a win-win situation because the insurer will not have to process the first small reimbursements until they have reached the deductible threshold, and the insured benefits from a monthly premium lower. Deductibles are therefore a good compromise for anyone who wants health insurance that will cover medium to high-cost expenses, but who is willing to pay for small amounts (until the deductible amount is reached).

The deductible should not be confused with the co-payment, which is the insured’s participation in each claim.

 A concrete example of how a franchise works

Franchising is a fairly easy concept to understand. Imagine that the annual deductible of your insurance plan is 250 euros. This means that you will pay all medical expenses until you reach this 250 euros. Beyond this amount, the insurance will begin to reimburse the costs of the claims for which it will have received the invoices.

Be aware that some deductibles do not apply to all guarantees, which means that they do not apply to all medical treatments. For example, dental or vision care may be excluded from deductibles. We advise you to have all the necessary information before subscribing to an insurance company. There could easily be limitations in certain group benefits for example.

 An insurance plan with no deductible?

There is of course no obligation to take out a health insurance plan with a deductible. However, this will have a slight impact on the amount of the premium.

It can also happen that people forget that they have a deductible in their insurance plan. They usually realize this when they apply for a refund because then they end up with a lower refund or even no refund. This is due to the fact that the amount of the deductibles are not reached or that it is only partially reached.

 What about deductibles in Foyer Global Health coverage?

We have designed our Franchise Terms to be easy to understand and use. You thus have perfect visibility as to the impact of your deductibles on the amount of your premium, which is not always the case on the insurance market.

Foyer Global Health allows you to choose between 0, 250, 500, or 1000 euros in deductibles. These apply for one year of membership in the insurance and only for outpatient treatment (visit to the doctor or specialists, no deductible for hospital stays).

If you want to take out health insurance for yourself and your family members with Foyer Global Health, you are free to have different deductibles (or not) for each family member. It’s very simple, all you have to do is let us know when you subscribe!

 If you already have an expatriation project and would like to know what the premium for your insurance policy would be with or without a deductible, we encourage you to compare our plans and request a quote from Foyer Global Health. It’s easy, completely online, and it will take you less than 30 seconds.