To what does the "corridor deductible" in a Supplemental Major Medical Policy refer?

The term "corridor deductible" in a Supplemental Major Medical Policy specifically refers to the amount that the insured is required to pay out-of-pocket before the major medical coverage kicks in. This deductible serves as a transition between the basic medical coverage and the supplemental major medical coverage.

In simpler terms, after the insured has exhausted their basic policy benefits, they will hit the corridor deductible threshold. Once this threshold is met, the supplemental major medical coverage will begin to cover eligible medical expenses. This structure is designed to help manage costs and provides a layered approach to healthcare coverage, ensuring that the insured is responsible for a portion of their medical expenses before more comprehensive benefits are accessed.

Understanding this concept is crucial, as it highlights the mechanics of how supplemental coverage interfaces with basic medical policies, influencing overall insurance planning and financial responsibility for covered individuals.