What Is a Deductible?

What Is a Deductible?

A deductible is the amount of money you pay each year for healthcare before your insurance company starts to pay. Until you meet your deductible, you are responsible for paying for your doctor’s visits or treatments, with some exceptions. Once you reach your deductible, your insurance company starts paying your bills or splitting this cost with you. Your deductible can be high or low, depending on the type of plan you have. Your health plan’s de…