Brokerfish

Understanding the Concept of Deductibles in Health Insurance

What is a Deductible in Health Insurance and How Does it Work?

A deductible is the amount that you pay out-of-pocket before your health insurance coverage kicks in. For example, if you have a $1,000 deductible, you would need to pay the first $1,000 of medical expenses before your insurance would start to cover the costs.