INCOME TAX3 Sept 2026
Deductible vs co-pay in health insurance: Which option can increase your out-of-pocket medical costs? Experts explain | Mint
Your health insurance may still leave you paying part of the bill. A deductible is a fixed amount you bear per claim. A co-pay is a percentage, so your share rises as the claim rises. On small bills, co-pay may cost less; on big bills, it can cost much more. Always check policy terms before buying.
Key Statutory Highlights
- A deductible is a fixed amount the policyholder bears, while a co-pay is a percentage of the admissible claim.
- With a 10% co-pay, a ₹2 lakh claim leaves you paying ₹20,000, while a ₹5 lakh claim leaves you paying ₹50,000.
- A lower-premium policy may come with higher cost-sharing, potentially leaving you with a large bill during a medical emergency.
Actionable Advice for Taxpayers / Founders:Before buying health insurance, compare the deductible and co-pay clauses, not just the premium, and check how the deductible applies—per claim or annually.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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