Depending upon the type of medical plan that you are enrolled in, there could be a deductible for your prescriptions that is separate from your medical plan deductible.
How are these deductibles different?
The medical deductible is the amount that you are responsible for paying for all covered services before the insurance company begins paying its portion. For example, if you have a $1000 deductible, you will be responsible for paying the first $1000 of covered services yourself. After you have hit your deductible, you will pay only a portion of covered services until you reach your out of pocket maximum.
If you do not know the difference between your deductible and your out of pocket maximum please refer to this article:
Similar to a medical deductible, this is the amount you will pay out of pocket for prescriptions before your insurance begins to pay. For example, if you have a $500 prescription deductible, you will need to pay $500 before your prescriptions will be covered by your insurance.
Your medical deductible and prescription deductible are completely separate and they each have to be met before insurance begins to pay.
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