Serving Texas & Oklahoma

Centric Home Health and Hospice: Health Insurance Deductibles Reset

Centric Home Health and Hospice: Health Insurance Deductibles Reset

Health Insurance Deductibles Renewing Soon

Will My Deductible Reset On January 1st?

We are in the middle of Medicare Open Enrollment and that means a lot of things but the biggest effect you will probably feel as the patient or consumer is the reset of your deductible. Let’s start with a quick recap of what this means. Your deductible is the amount of money that you are responsible for paying each year prior to your health insurance policy covering your medical expenses according to your specific coverage. With all the different providers and plans the majority of your health insurance deductibles will reset January 1st, 2022. There are a few exceptions to this rule as some plans reset when your policy renews.

We recommend calling or chatting online with your current provider to find out the exact date your deductible will reset. Then place a reminder in your phone’s calendar that is 60 or 90 days before the renewal date. This will provide you with enough time to utilize your health insurance plan by scheduling appointments you may have been avoiding or even allow you time to shop for a new provider without being in a time crunch.

3 Popular Questions People Ask Their Providers:

Is there a grace period on my deductible?

The term “grace period” only comes into play when paying the bill, invoice, or deductible. Be sure to not use this when speaking with a provider’s representative because you may confuse them as to what you are trying to accomplish.

Can any of my medical expenses this year be rolled over and count towards next year’s deductible?

Possibly depending on your carrier! If you have the Carry-Over Provision within your policy. This allows the last 3 months of the current year’s medical expenses to be credited towards next year’s deductible. Again, this is a great question to ask your insurance provider and have it clarified.

Can deductibles transfer?

Yes! This is called a Deductible Credit Transfer. Both the provider you are leaving and the provider you are going to have to agree to allow this transfer to take place. Check with both providers to see if this is accepted.

About Centric Home Health and Hospice

Here at Centric Home Health and Hospice we understand that there are a lot of questions that you may have. We may not be able to speak for the health insurance providers, but we can share with you the questions to ask your provider. Because the more questions you know to ask the more benefits you may be able to receive.

Call or chat online with your health insurance provider today and ask these questions we mentioned.

1.     Will my deductible reset on January 1st?

2.     Do I have the Carry-Over Provision?

3.     Do you offer the Deductible Credit Transfer?


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