Definition Of Deductible, Corridor In Insurance

Definition of "Deductible, corridor"

Bev Norton Team, Real Estate Agent Realty ONE Group

Same as term Corridor Deductible: type of major medical deductible amount that acts as a corridor between benefits under a basic health insurance plan and benefits under a major medical insurance plan. After benefits are paid under the basic plan, a fixed dollar per-loss deductible amount often is required of the insured (benefits paid under the basic plan do not apply towards this deductible) before major medical benefits are paid.