What does Corridor Deductible mean? Read on to discover the definition & meaning of the term Corridor Deductible - to help you better understand the language used in insurance policies.
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.
We hope the you have a better understanding of the meaning of Corridor Deductible.