Most International health insurance, such as Genki Native, will offer an option to add a deductible so each customer can reduce the premium that they have to pay each month.
What is a deductible?
The combined total of medical bills within an insurance year must first match the deductible amount before the insurance can cover any medical costs. For example, if you have a 500€ deductible on your health insurance and you have a medical bill for 1,500€, you'll pay the first 500€, and then your insurance will cover the rest. Deductibles can vary, and choosing a higher deductible often means lower monthly payments but more out-of-pocket costs when you need to use your insurance.
The deductible options are:
€1,000 per insurance year
€500 per insurance year
No deductible
Deductibles are only applied for outpatient care.
Inpatient care (hospitalizations) will be fully paid without any deductible being applied.
Note that deductibles can only be changed at the start of every insurance year, so it's important to understand that your decision will be valid for one year. It won't be possible to remove or add a deductible during that period.
If you have any questions don't hesitate to drop us a chat message or email at [email protected].
Stay healthy 🌱