A deductible is usually a fixed amount paid for covered services in a given year before your insurance kicks in
A deductible is usually a fixed maximum amount you agree to pay for covered services before your health insurance kicks in to cover the majority or entirety of the cost.
As a general rule, the higher your annual deductible, the lower your monthly premiums, and vice versa. Employees in Germany usually choose a low deductible because employers contribute half of an employees’ health insurance premiums – but do not contribute towards deductibles. Self-employed people often choose higher deductibles in return for lower premiums.
At ottonova, we do things a little differently. We calculate deductibles as a percentage of medical bills up to an annual maximum – meaning you only pay a small amount per bill and do not have to pay a high deductible before you receive coverage. We also give you a choice of deductibles so you can tailor your health insurance to your needs and circumstances.