A deductible is an amount that a covered individual must pay before any reimbursement is payable on the expenses in excess of that deductible. A deductible can be an annual deductible (commonly calendar year) or per prescription.
Calendar year deductibles are satisfied on a calendar year basis, from January 01 to December 31.
Group health insurance annual deductibles can be $25.00, $50.00, $100.00 and so on. Alternatively, there are plans with no deductible. Some plans use a single/family deducible structure, for instance, $50.00 for a single person and $100.00 for a family, couple or single parent.
A per prescription deductible is applied to drug benefits each time a prescription is filled. If you have a drug card, the deductible is applied at the point of purchase. If your drugs are processed on a reimbursement basis, the per prescription deductible is deducted from the reimbursement amount.
Per prescription deductibles typically range from $0.00 up to $10.00.