Understanding What is Annual Deductible or Deductible Per Policy Period
This video will help you understand what is annual deductible or deductible per policy period and why it is important while shopping for a travel medical insurance policy. Insurance policies where the deductible is paid annually or per policy period, require that you pay the deductible once a year before insurance begins paying for covered benefits.
Learn information on what deductible to choose from, where deductible is paid annually or per policy period. In order to keep in the insurance cost low, you can select a high deductible but if you would like to keep your liability or out-of-pocket expenses low, choose a low deductible.