Corridor Deductible

What Does Corridor Deductible Mean?

A corridor deductible is a type of second-order deductible found in health insurance policies. After the initial deductible has been met and the full coverage amount has been exhausted, the insured must pay the corridor deductible before receiving any further reimbursements.

Insuranceopedia Explains Corridor Deductible

This type of deductible essentially serves as a corridor between the primary, initial level of coverage provided by the insurance policy and a secondary level of coverage, which can only be accessed by exhausting the primary coverage and paying the corridor deductible.