Health Plan Deductible Reimbursement Insurance
- Concept: A supplemental insurance product designed to reimburse policyholders for out-of-pocket costs that are applied to their primary health plan’s deductible.
- Purpose: To mitigate the significant upfront financial burden associated with high-deductible health plans (HDHPs).
- Target Audience: Individuals and families enrolled in HDHPs (both from the ACA Marketplace and employers), employees of small to medium-sized businesses, and recently unemployed individuals.
- Differentiator: Unlike accident or critical illness insurance, coverage is triggered by the accumulation of any covered medical expense that applies to the deductible, not a specific event.
