What does the carry-over provision allow for a deductible paid in the last quarter?

The carry-over provision is designed to enhance the flexibility of deductibles, particularly for expenses incurred near the end of the calendar year. When a deductible is paid in the last quarter, this provision allows that amount to be carried over into the next calendar year. This means that the deductible does not expire or become invalid at the end of the year; instead, it can be utilized against future claims under the new policy year.

This provision is particularly beneficial for policyholders who may face higher out-of-pocket expenses near the year's end and want to ensure they can still receive benefits in the following year without losing the financial impact of their deductible. Carrying over the deductible can thus provide better risk management by allowing individuals or businesses to maximize their coverage benefits while minimizing their immediate financial burden.