Deductible

DEFINITION

Amount you owe for health care services before your health insurance or plan begins to pay. This only applies to services that your plan agrees to pay, also called covered services.

EXAMPLE

If your deductible is $1,000, your plan won’t pay anything until you’ve met your $1,000 deductible for covered health care services subject to the deductible. The deductible may not apply to all services.