Question

The cost of his annual physical will be 50% after deductible

The maximum amount that he can expect to pay out-of-pocket is $6,000. His annual deductible will be $800. Once he hits his annual deductible of $800, he will incur no additional costs for health care services for the rest of the calendar year

Answer 1

year. All healthcare expenses (doctor's visits, medication, etc.) will be paid for at 50% after the deductible has been met. This means that he will pay 50% of any and all healthcare expenses, up to a maximum of $6,000 for the year. If his total healthcare expenses for the year exceed $6,000, then he will not be responsible for any additional cost, and the insurance company will pay the balance.