The apparent discrepancy between the small amounts you paid for prescriptions and reaching your $2,000 deductible can arise from several factors. In insurance plans, especially health plans, the deductible is the amount you pay for covered healthcare services before your insurance plan starts to pay. While you only paid $25 for each prescription, these payments are usually your share of the cost, often termed as co-pays.
The full price of the prescriptions, however, is typically much higher than your out-of-pocket expense, which might be covered by your insurance until the deductible is met. For example, if each prescription had a total cost significantly higher than $25, the balance could have been applied to your deductible. Insurance companies credit the full cost of services or medications towards the deductible, not just your co-pay.
Furthermore, any other healthcare expenses covered under your plan, such as doctor visits, tests, or treatments, might have also contributed to reaching your deductible. It would be prudent to review your insurance Explanation of Benefits (EOB) statements, which detail how costs are applied to the deductible, or contact your insurance provider for a breakdown of what contributed to reaching the deductible threshold.
