Corridor Deductible
Updated: 29 February 2024
What Does Corridor Deductible Mean?
A corridor deductible is a kind of second-order deductible in a health insurance policy. Once the initial deductible has been paid and the full amount of coverage has been used up, the insured must pay the corridor deductible before receiving further repayment.
Insuranceopedia Explains Corridor Deductible
This kind of deductible acts essentially as a corridor between the primary, initial level of coverage afforded by the insurance policy and a secondary level of coverage that can only be accessed by maxing out the primary coverage and paying this second deductible.
