Health Insurance Basics
What is a health insurance deductible?
A health insurance deductible is the amount you pay out-of-pocket for covered health care services before your insurance plan starts to pay. After you meet your deductible, you typically pay a copay or coinsurance for covered services.
Key Points
- Deductible: amount you pay before insurance starts paying
- After deductible: you pay copay or coinsurance
- Family deductible: separate individual and family deductibles
- Preventive care: typically covered at no cost before deductible
- An independent agent can help you choose the right deductible level