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What Is Excess On Health Insurance


"Excess on health insurance" refers to the predetermined amount that policyholders must pay out of pocket before their insurance coverage begins to contribute to eligible medical expenses. It serves as a form of cost-sharing between the insured individual and the insurance provider. This deductible amount is a crucial component in health insurance policies, influencing the overall cost and structure of the coverage. Typically, the excess is an annual commitment, and once met, the insurance coverage takes effect, helping to mitigate the financial impact of healthcare expenses. Understanding the concept of excess is essential for individuals navigating health insurance plans, as it directly affects the balance between out-of-pocket costs and the extent of coverage provided by the insurance policy.


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