Individual Deductible

DEFINITION

An individual deductible is the amount of money an individual must pay for health care before the insurance company will begin paying. In a family, an individual has to meet their individual deductible before insurance will start paying for the health care services they use, even if another member of the family has already met their own individual deductible and is getting services paid for.

EXAMPLE

In a family of five, the individual deductible for each member might be $500. When one member has met that limit, but another has not, the insurance company will only cover services for the family member who has met their deductible.