Deductibles

Health

Understanding Deductibles in Health Insurance

Definition of Deductibles in Health Insurance A deductible is the amount of money that a policyholder needs to pay out-of-pocket for healthcare services before their insurance plan starts covering the costs. Essentially, it is the portion of the healthcare expenses that the insured is responsible for paying before the insurance company takes over. Deductibles are typically calculated annually, so policyholders…